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Acams CAMS Exam - Topic 4 Question 18 Discussion

Actual exam question for Acams's CAMS exam
Question #: 18
Topic #: 4
[All CAMS Questions]

What was cited by the Wolfsberg Group in its Statement on the Suppression of the Financing of Terrorism as being vulnerable to terrorist financing?

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Suggested Answer: C

by Ty at May 03, 2022, 09:39 PM

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Virgina
5 months ago
Really? I didn't know alternative remittance was that vulnerable.
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Avery
5 months ago
Private banking has its issues too, but alternative remittance is definitely highlighted.
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Hubert
5 months ago
Wait, are we sure about that? I thought trade finance was more of a concern.
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Angelyn
5 months ago
Totally agree, alternative remittance is a big risk!
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Dick
5 months ago
I think they mentioned alternative remittance as a key vulnerability.
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Huey
6 months ago
Alright, time to put on my property law hat. I'll read through the statements carefully and use my knowledge of joint tenancy to determine which one is the exception. Gotta stay focused on the details.
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Gerald
6 months ago
I remember studying the Wolfsberg Group and terrorist financing. I'm pretty sure alternative remittance systems are super vulnerable to money laundering.
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