Discuss Acams CAMS Exam Topic 4 Question 113

Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)

AA customer receives funds from a popular decentralized mixer

BA customer uses funds from their monthly income to purchase virtual currency

CA customer makes a transaction on the blockchain that their traditional financial institution is unaware of

DA customer receives multiple wires from different sources and uses those funds to purchase virtual currency

Suggested Answer: A, D

Receiving funds from a decentralized mixer and using multiple incoming wires from different sources to purchase virtual currency are red flags, as they can indicate attempts to obscure the origin of funds and facilitate money laundering through virtual asset transactions.

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26 comments · newest first

Yolando 2 days ago

I agree with A and C. They raise alarms for me.

Dominga 7 days ago

A and D for sure. They scream money laundering.

Jacqueline 12 days ago

B is normal, just using income.

Armando 17 days ago

I think D is also a concern. Too many wires!

Roxanne 23 days ago

Definitely A! Mixing funds is suspicious.

German 28 days ago

A and C seem like big red flags.

Junita 1 month ago

C is a big red flag. It shows a lack of transparency.

Erinn 1 month ago

I’d pick A and D too. Multiple wires raise alarms.

Kris 1 month ago

B seems normal to me. Using income is fine, right?

In 2 months ago

C is also concerning. Transactions without bank knowledge? Risky!

Elenore 2 months ago

I agree, A is suspicious for sure.

Herman 2 months ago

I think A and D are definitely red flags.

Cassie 2 months ago

D) sounds suspicious, but what if it's just a gift?

Casey 2 months ago

A) is a huge warning sign, mixers are sketchy.

Elizabeth 2 months ago

Wait, how can a bank not know about a blockchain transaction?

Delisa 3 months ago

I disagree, B) seems normal to me.

Glory 3 months ago

A) and D) are definitely red flags.

Bronwyn 3 months ago

D) is suspicious, but why is A) a problem?

Nadine 3 months ago

A) is a huge red flag, mixers are sketchy!

Harrison 3 months ago

Wait, C) is a red flag? That sounds a bit extreme.

Phil 4 months ago

I disagree, B) seems normal to me.

Lavina 4 months ago

A) and D) are definitely red flags!

Maryanne 4 months ago

I practiced a question similar to this, and I think A and D are the ones that stand out as risky actions.

Paulene 4 months ago

I feel like receiving multiple wires and then buying virtual currency is definitely a red flag, so D might be right.

Scot 4 months ago

I'm not entirely sure, but I think transactions that traditional banks don't know about could be suspicious too, like option C.

Hubert 6 months ago

I remember discussing how decentralized mixers can obscure the source of funds, so A seems like a red flag.

Acams CAMS Exam - Topic 4 Question 113 Discussion