Acams CAMS Exam - Topic 4 Question 18 Discussion

Actual exam question for Acams's CAMS exam

Question #: 18
Topic #: 4

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

APrivate banking

BCorrespondent banking

CAlternative remittance

DTrade finance

Show Suggested Answer

Suggested Answer: C

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

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Virgina

11 months ago

Really? I didn't know alternative remittance was that vulnerable.

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Avery

11 months ago

Private banking has its issues too, but alternative remittance is definitely highlighted.

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Hubert

11 months ago

Wait, are we sure about that? I thought trade finance was more of a concern.

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Angelyn

11 months ago

Totally agree, alternative remittance is a big risk!

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Dick

11 months ago

I think they mentioned alternative remittance as a key vulnerability.

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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

12 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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Acams CAMS Exam - Topic 4 Question 18 Discussion

Acams CAMS Exam - Topic 4 Question 18 Discussion

Contribute your Thoughts:

Virgina

Avery

Hubert

Angelyn

Dick

Huey

Gerald