Acams Exam CAMS Topic 1 Question 87 Discussion

Actual exam question for Acams's CAMS exam

Question #: 87
Topic #: 1

[All CAMS Questions]

Which operational situation might indicate that money laundering is occurring at or through a deposit-taking financial institution?

AThe institution has observed an increase in customer demand for large-denomination banknotes.

BThe institution has observed an increase in the adoption of its digital products and services.

CThe institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.

DThe institution maintains a sequentially numbered log of the monetary instruments it sells.

Show Suggested Answer

Suggested Answer: D

by Jenise at Sep 16, 2024, 09:26 PM

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Jose

2 months ago

A log of monetary instruments? That's just basic accounting, not a sign of shady dealings. Although, I bet the money launderers use invisible ink to hide their activities.

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Tamera

25 days ago

User 3: Maybe they are trying to hide their activities with invisible ink!

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Oretha

1 months ago

User 2: I agree, that does seem suspicious.

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Juliann

1 months ago

User 1: I think the increase in customer demand for large-denomination banknotes could be a sign of money laundering.

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Micah

2 months ago

Rapid fund movement? That's just efficient banking, nothing to see here. Unless they're using it to buy more cat videos, of course.

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Renea

9 days ago

D) The institution maintains a sequentially numbered log of the monetary instruments it sells.

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Troy

1 months ago

C) The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.

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Dorsey

2 months ago

B) The institution has observed an increase in the adoption of its digital products and services.

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Dana

2 months ago

A) The institution has observed an increase in customer demand for large-denomination banknotes.

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Melissa

2 months ago

Increased digital adoption? That's just progress, not a money laundering red flag. Gotta keep up with the times, folks!

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Jamey

2 months ago

But what about the reduced settlement time in transaction services? Could that also be a sign of money laundering?

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Lenna

2 months ago

Option A seems the most likely indicator of money laundering. Who doesn't love big bills for their illegal activities?

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Claribel

24 days ago

User 4: That could also be a sign of money laundering, quick movement of funds.

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Mirta

1 months ago

User 3: C) The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.

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Cecily

2 months ago

User 2: That does seem suspicious. Big bills are often used in illegal activities.

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Melita

2 months ago

User 1: A) The institution has observed an increase in customer demand for large-denomination banknotes.

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Mattie

3 months ago

I agree with you, Marvel. Large-denomination banknotes are often used in money laundering to move large sums of money quickly.

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Marvel

3 months ago

I think if a financial institution sees an increase in customer demand for large-denomination banknotes, it could indicate money laundering.

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