Acams Exam CAMS Topic 4 Question 69 Discussion

Actual exam question for Acams's CAMS exam

Question #: 69
Topic #: 4

[All CAMS Questions]

Which of the following corporate structures present a higher money laundering risk due to reduced transparency? (Select Three.)

AA company with nominee shareholders and directors in a local jurisdiction.

BA private company that has no activity in a tax haven jurisdiction.

CA company with bearer shares incorporated in a tax haven jurisdiction.

DA limited liability company incorporated in a foreign jurisdiction.

EA private investment company incorporated in a tax haven jurisdiction with strict secrecy laws.

Show Suggested Answer

Suggested Answer: C

by Peggie at Mar 09, 2024, 07:39 AM

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Tammara

1 months ago

I bet the answer is somewhere in the realm of 'if it sounds too good to be true, it probably is'.

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Edna

1 months ago

Alright, time to put on my forensic accountant hat. These options are like a who's who of financial skulduggery.

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Juan

3 days ago

Trusts

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Jose

7 days ago

Shell companies

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Evangelina

1 months ago

This is like a game of 'spot the money-laundering loophole'! I'm going to have to really think outside the box on this one.

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Mona

14 days ago

C) A company with bearer shares incorporated in a tax haven jurisdiction.

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Gabriele

17 days ago

A) A company with nominee shareholders and directors in a local jurisdiction.

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Elly

2 months ago

Hmm, let me see... tax havens, bearer shares, and limited liability companies, oh my! Looks like those options are just begging to be exploited.

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Malcolm

14 days ago

E) A private investment company incorporated in a tax haven jurisdiction with strict secrecy laws.

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Buck

16 days ago

C) A company with bearer shares incorporated in a tax haven jurisdiction.

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Tamie

20 days ago

A) A company with nominee shareholders and directors in a local jurisdiction.

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Jani

2 months ago

I'm not sure about option B though. A private company with no activity in a tax haven jurisdiction might still have some risks.

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Vallie

2 months ago

Whoa, this question is like a treasure map for money launderers! I bet the answer involves a lot of shady shell companies and offshore tax havens.

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Terina

1 months ago

E) A private investment company incorporated in a tax haven jurisdiction with strict secrecy laws.

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Gregg

1 months ago

C) A company with bearer shares incorporated in a tax haven jurisdiction.

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Derick

2 months ago

A) A company with nominee shareholders and directors in a local jurisdiction.

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Keneth

2 months ago

Definitely, those structures sound like they would make it easy to hide illegal money.

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Keneth

2 months ago

A, C, E

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Gaston

3 months ago

I agree with Ricarda. Companies with nominee shareholders, bearer shares, and strict secrecy laws are definitely riskier.

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Ricarda

3 months ago

I think options A, C, and E present a higher money laundering risk.

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