Study guides, Class notes & Summaries

ACAMS Practice Exam 241 Questions with Verified Answers C - CORRECT ANSWER The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - CORRECT ANSWER Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAM...

ACAMS Practice Questions and Correct Answers Score 100% At Your First Attempt

ACAMS Practice Test (Book) 100 Questions with Verified Answers Which of the following is the most common method of laundering money through a legal money services business? - CORRECT ANSWER Purchasing structured money instruments In general, the 3 phases of money laundering are said to be: Placement; - CORRECT ANSWER Layering and integration Which statement is true? - CORRECT ANSWER Bust-out schemes are popular in creating large bankruptcy frauds where businesses secure increasing l...

ACAMS Study Guide Practice 120 Questions with Verified Answers 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 - CORRECT ANSWER a In general, the three phases of money laundering are said to be: placement and A. structuring and manipulation. B. l...

ACAMS Practice Exam 241 Questions with Verified Answers C - CORRECT ANSWER The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - CORRECT ANSWER Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAM...

C - Answer The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - Answer The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Answer Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investigations Unit writes up a few policies and procedur...

ACAMS Practice Questions With 100 % Correct Answers |A+ Graded |2023/2024

ACAMS Practice Questions COMPLETE QUESTIONS AND ANSWERS 2023/2024

C - Answer - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - Answer - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Answer - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investigations Unit writes up a few policies and pr...