ACAMS Certification (ACAMS)
Mid Michigan Community College
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ACAMS CERTIFICATION EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)
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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

layers of financial transactions intended to conceal the origin of the

proceeds.

• Integration is supplying apparent legitimacy to illicit wealth

through the re‐entry of the funds into the economy in what appears

to be normal business or personal transactio...
Exam (elaborations)
ACAMS CERTIFICATION EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)
Last document update:
ago
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 
layers of financial transactions intended to conceal the origin of the 
proceeds. 
• Integration is supplying apparent legitimacy to illicit wealth 
through the re‐entry of the funds into the economy in what appears 
to be normal business or personal transactio...
$9.99
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