MENU
Which red flags apply to trade-based money laundering (TBML) schemes? (Choose three.)
Suggested Answer: C, D, E
Get Premium CAMS Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
Trade-based money laundering red flags include third-party involvement in transactions, amended letters of credit without clear justification, and non-standard settlement arrangements, all of which can indicate attempts to disguise illicit fund movements or the true nature of the trade.
3 comments · newest first
GO
Goldie
22 hours ago
I feel like non-standard settlement arrangements were mentioned in a practice question we did last week. They might be a key indicator.
MO
Mona
6 days ago
I'm not entirely sure about the third-party involvement, but it seems like it could be suspicious in some cases.
KA
Katheryn
11 days ago
I remember discussing TBML in class, and I think amended letters of credit were definitely a red flag.