Acams Exam CAMS-FCI Topic 3 Question 13 Discussion

Actual exam question for Acams's CAMS-FCI exam

Question #: 13
Topic #: 3

[All CAMS-FCI Questions]

In a SAR/STR narrative concerning Individual

Awhich statement indicates a product of analysis rather than a fact or judgement?

AIndividual A was the originator of nine wires totaling 225.000 USD between January and March 2020.

BIndividual A made structured cash deposits possibly to circumvent regulatory reporting requirements

CIndividual A made structured cash deposits on almost consecutive days.

DIndividual A is a college student and employed part-time at a car wash.

Show Suggested Answer

Suggested Answer: B

According to the Financial Action Task Force (FATF), the use of large amounts of cash is a common method for money launderers to move illicit funds [1]. Purchasing luxury items with cash can indicate an attempt to convert illegal funds into tangible assets that can be easily resold or moved across borders. As a result, businesses that deal with luxury items are required to implement enhanced due diligence measures, including monitoring transactions involving large amounts of cash [1].

by Clay at Mar 19, 2025, 08:54 AM

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