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Acams CAMS Exam - Topic 4 Question 23 Discussion

Which precaution will a money launderer take to avoid detection when sending electronic transfers?
D) Misspelling names to foil watch-list filtering systems
A) Using cover payments for all electronic transfers
B) Varying the amounts of transactions and using reputable organizations
C) Using round dollar amounts, so funds appear to be gifts or loans

Acams CAMS Exam - Topic 4 Question 23 Discussion

Actual exam question for Acams's CAMS exam
Question #: 23
Topic #: 4
[All CAMS Questions]

Which precaution will a money launderer take to avoid detection when sending electronic transfers?

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Suggested Answer: D

by Avery at May 06, 2022, 04:53 AM

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Lorriane
9 months ago
Definitely using reputable organizations helps.
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Leonard
9 months ago
Misspelling names? Really? That sounds risky.
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Catrice
9 months ago
Round dollar amounts? Seems too obvious!
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Belen
10 months ago
I think varying amounts is smarter.
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Hyman
10 months ago
Cover payments are a classic tactic.
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Ettie
10 months ago
Okay, let me think this through. I know the OceanStor 9000 supports LDAP and AD domain authentication, so I can probably rule those out as the "not supported" option. I'll focus on the other two choices.
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Fidelia
10 months ago
I'm feeling pretty confident about this one. Meeting minutes are a concise record of the actions and decisions made during a meeting, so I'll go with that.
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Georgene
10 months ago
I'm not completely sure, but I feel like the Public Key can't sign transactions. It might be the Private Key that does that, right?
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Nu
10 months ago
I'm leaning towards C - capturing this as a retrospective item and addressing it in more detail at the next planning session. That feels like a practical way to tackle the issue.
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