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Detailed Questions and Answers 2023(ACAMS) Which of the following statements is true? A Credit cards are not likely to be used in the layering phase of money laundering because of restrictions in cash payments B Credit cards are effective instruments for laundering money because the transact...

Latest Version For ACAMS Exam Review 2023 Definition of money laundering - CORRECT ANSWER-Taking criminal proceeds and disguising their illegal origins to use to perform legal or illegal acts 3 stages of money laundering - CORRECT ANSWER-Placement, Layering, Integration Placement Stage - CORR...

ACAMS Questions and Elaborated Answers Bank Draft - CORRECT ANSWER-Vulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's accou...

Practice Test 2023 (ACAMS) Define a red flag. - CORRECT ANSWER-A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - CORRECT ANSWER-A legal principle that operates in money laundering cases in the U.S. and is de...

2023 ACAMS Practice Questions and 100% Correct Answers Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - CORRECT ANSWER-AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financi...

Questions and Answers For ACAMS Course 2023 1. Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through accounts (PTAs) D....

ACAMS Practice Exam(Latest Edition)2023 C - CORRECT ANSWER-The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER-The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layerin...

ACAMS Complete Examination(questions and answers) 2023 Describe the three phases of money laundering. - CORRECT ANSWER-• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by laye...