ACAMS EXAM 2025 WITH 100% ACCURATE SOLUTIONS
Which of the following is the most common method of laundering
money through a legal money services business? - ✅✅✅CORRECT
-Purchasing structured money instruments
In general, the 3 phases of money laundering are said to be: Placement; -
✅✅✅CORRECT -Layering and integration
Which statement is true? - ✅✅✅CORRECT -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
Which 3 of the following is an indication of possible money laundering
in an insurance industry scenario? - ✅✅✅CORRECT --Single-
premium insurance bonds, redeemed at a discount
-Policyholders who are unconcerned about penalties for early
cancellation
-Policyholders who make full use of the "free look" period
Which 2 activities are typically associated with the black market peso
exchange (BMPE) money laundering system? - ✅✅✅CORRECT --
Converting illicit drug proceeds from dollars or Euros to Colombian
pesos
,-Facilitating purchases by Colombian importers of goods manufactured
in the United States or Europe through peso brokers
What is the Right of Reciprocity in the field of in the field of
international cooperation against money laundering? -
✅✅✅CORRECT -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
The greatest risk for money laundering is for casinos that -
✅✅✅CORRECT -Allow customers with credit balances to
withdraw funds by check in another jurisdiction
Which statement is true regarding the risk of Politically Exposed
Persons (PEPs)? - ✅✅✅CORRECT -PEPs have significantly
greater exposure to the politically corrupt funds, including accepting
bribes or misappropriating government funds
Dirty money, derived from criminal activities of Belgian Criminal A, is
sent to a foreign bank account of Corporation B. Then in Belgium, a new
investment Company C is incorporated. Criminal A is appointed as a
director of Company C. Company C borrows money from the foreign
Company B and buys real estate in Belgium. The real estate is rented to
third parties. Director (Criminal) A also rents an apartment in the
building .With the funds generated by the rent, Company C pays off the
loan to Corporation B, and the salary of Director A. Criminal A now
converted his dirty money in legal funds .This laundering method is
commonly referred to as what? - ✅✅✅CORRECT -Loan back
, A new customer approaches a bank to open a commercial account. The
customer provides an address for the account located across the city
from the branch. When asked by the account representative if the
customer requires any additional banking services, the customer
responds she is also interested in opening a personal investment account.
The account representative refers the customer to their broke-dealer. The
customer tells the firm representative she has never had a brokerage
account before and has a few questions about how an investment
account works. The customer asks how deposits can be made into her
account, if there are any reporting requirements, and how to go about
moving balances out of the account using wire transfers. No questions
are asked about fees associated with these transactions. Which three
items would be considered suspicious? - ✅✅✅CORRECT -The
customer asks many questions about the brokerage account, but none of
them are related to investing.
The address of the account holder and the branch where the customer
came to open the account are not close to each other.
That the customer appears unconcerned about the fees.
International trade in goods and services can be used as either a cover
for money laundering or as the laundering mechanism itself. What is
MOST important for the launderer when engaging in this method? The
ability: - ✅✅✅CORRECT -To over-or under-invoice the goods.
Which of the following statements is true? Correspondent banking is
MOST vulnerable to money laundering when the correspondent account
Which of the following is the most common method of laundering
money through a legal money services business? - ✅✅✅CORRECT
-Purchasing structured money instruments
In general, the 3 phases of money laundering are said to be: Placement; -
✅✅✅CORRECT -Layering and integration
Which statement is true? - ✅✅✅CORRECT -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
Which 3 of the following is an indication of possible money laundering
in an insurance industry scenario? - ✅✅✅CORRECT --Single-
premium insurance bonds, redeemed at a discount
-Policyholders who are unconcerned about penalties for early
cancellation
-Policyholders who make full use of the "free look" period
Which 2 activities are typically associated with the black market peso
exchange (BMPE) money laundering system? - ✅✅✅CORRECT --
Converting illicit drug proceeds from dollars or Euros to Colombian
pesos
,-Facilitating purchases by Colombian importers of goods manufactured
in the United States or Europe through peso brokers
What is the Right of Reciprocity in the field of in the field of
international cooperation against money laundering? -
✅✅✅CORRECT -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
The greatest risk for money laundering is for casinos that -
✅✅✅CORRECT -Allow customers with credit balances to
withdraw funds by check in another jurisdiction
Which statement is true regarding the risk of Politically Exposed
Persons (PEPs)? - ✅✅✅CORRECT -PEPs have significantly
greater exposure to the politically corrupt funds, including accepting
bribes or misappropriating government funds
Dirty money, derived from criminal activities of Belgian Criminal A, is
sent to a foreign bank account of Corporation B. Then in Belgium, a new
investment Company C is incorporated. Criminal A is appointed as a
director of Company C. Company C borrows money from the foreign
Company B and buys real estate in Belgium. The real estate is rented to
third parties. Director (Criminal) A also rents an apartment in the
building .With the funds generated by the rent, Company C pays off the
loan to Corporation B, and the salary of Director A. Criminal A now
converted his dirty money in legal funds .This laundering method is
commonly referred to as what? - ✅✅✅CORRECT -Loan back
, A new customer approaches a bank to open a commercial account. The
customer provides an address for the account located across the city
from the branch. When asked by the account representative if the
customer requires any additional banking services, the customer
responds she is also interested in opening a personal investment account.
The account representative refers the customer to their broke-dealer. The
customer tells the firm representative she has never had a brokerage
account before and has a few questions about how an investment
account works. The customer asks how deposits can be made into her
account, if there are any reporting requirements, and how to go about
moving balances out of the account using wire transfers. No questions
are asked about fees associated with these transactions. Which three
items would be considered suspicious? - ✅✅✅CORRECT -The
customer asks many questions about the brokerage account, but none of
them are related to investing.
The address of the account holder and the branch where the customer
came to open the account are not close to each other.
That the customer appears unconcerned about the fees.
International trade in goods and services can be used as either a cover
for money laundering or as the laundering mechanism itself. What is
MOST important for the launderer when engaging in this method? The
ability: - ✅✅✅CORRECT -To over-or under-invoice the goods.
Which of the following statements is true? Correspondent banking is
MOST vulnerable to money laundering when the correspondent account
