Bundle of ACAMS Tests with Questions & answers Latest Update Questions

. Risks and Methods of Money Laudering and Terrorist Financing Particulars Details Details Definition of Money Laundering United nations 2000 conventions against transnational organized crime aka “Palermo convention” - Concealing/disguising illicit source/assisting/evadingilegal con...

1. B: In general, the three phases of money laundering are said to be: Placement: A. Structuring and manipulation. B. Layering and integration. C. Layering and sng. D. Integration and in ltration. 2. A: Which of the following is the most common method of laundering moneythrough a legal money serv...

Question : Which of the following is NOT a key element of an effective AML program ? A. Risk assessment B. Customer due diligence C. Training and awareness D. Money Laundering Answer: D. Money laundering is not a key element of an effective AML program. Rather, it is the criminal activity that...

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. exchanging Colombian pesos on the black market - Co...

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. exchanging Colombian pesos on the black market - Co...

Three phases of ML - Answer Placement Layering Integration What is placement - Answer First ML phase The physical disposal of cash or other assets derived from criminal activity. What is layering - Answer Second ML phase The separation of illicit proceeds from their source by layers of financi...