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ACAMS is the largest international membership organization dedicated to enhancing the knowledge
and expertise of financial crime detection and prevention professionals[verification needed], from a
wide range of industries, in both the public and private sectors.
ACAMS offers resources designed to develop and sharpen the skills required for superior job
performance and career advancement through certifications, Dumpsbook moneylaundering.com (the
industrys leading online news and information resource), ACAMS Today (the premier AML magazine)
international conferences, full day seminars, web seminars, customized training and peer networking
opportunities Content by Wikipedia.org
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Here Are Some Questions
Question No 1:
In determining what risks a customer poses, which consideration should NOT be a major factor?
Answer: D
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Question No 2:
In general, the three phases of money laundering are said to be: Placement:
Answer: B
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Question No 3:
Which of the following is the most common method of laundering money through a legal money services
business?
Answer: A
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Question No 4:
A. Bust-out schemes are popular in creating large bankruptcy frauds where businesses secure increasing
loans in excess of the actual value of the company or property and then run with the money, leaving the
lender to foreclose and take a substantial loss.
B. Cuckoo smur ng is a signi cant money laundering technique identi ed by the Financial Action Task Force,
where a form of structuring uses nested accounts with shell banks in secrecy havens.
C. In its 40 Recommendations, the FATF issued a list of "designated categories of offense" that asserts crimes
for a money laundering prosecution.
D. E-cash is not attractive to the money launderer because it cannot be completely anonymous and does
not allow for large amounts to be "transported" quickly and easily.
Answer: A
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Question No 5:
Which three of the following is an indication of possible money laundering in an insurance industry scenario?
Answer: B, C, D
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Question No 6:
Which two activities are typically associated with the black market peso exchange (BMPE) money
laundering system?
Answer: A, C
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Question No 7:
What is the Right of Reciprocity in the eld of international cooperation against money laundering?
A. The legal principle that nancial institutions that have referred customers to other nancial institutions can
share information about these customers with the other institutions.
B. A rule of the Basel Committee allowing properly regulated nancial institutes of another member state of
the Basel Committee to do business without additional supervision to the degree that the other state grants
the same right.
C. The right of each FATF member country to delegate prosecution of a case of money laundering to
another member that is already investigating the same case.
D. A rule in the law of a country allowing its authorities to cooperate with authorities of other countries to the
degree that their law allows them to do the same.
Answer: D
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Question No 8:
Answer: C
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Question No 9:
Which statement is true regarding the risk of Politically Exposed Persons (PEPs)?
A. PEPs provide access to third parties on whom the nancial institution has not conducted suf cient due
diligence.
B. PEPs have signi cantly greater exposure to the politically corrupt funds, including accepting bribes or
misappropriating government funds.
C. PEPs are foreign customers who inherently present additional risk as they are engaged in cross-border
transactions.
D. PEPs generally do not pose enhanced risks to an institution due to their political standing; rather, PEPs
increase the prestige of an institution.
Answer: B
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Question No 10:
Answer: B
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Thank You
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