Acams Exam CAMS Topic 1 Question 43 Discussion

Actual exam question for Acams's CAMS exam

Question #: 43
Topic #: 1

Which methods are typically used to launder money using insurance companies? (Choose two.)

AThe policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties.

BThe policy holder enters a sibling as a beneficiary of the insurance policy rather than themselves.

CThe policy holder purchases a bond and redeems it at a discount prior to its full term.

DThe policy holder uses an offshore company to pay the insurance installments.

EThe policy holder is strongly interested in how many costs are incurred when taking out an insurance policy.

Show Suggested Answer

Suggested Answer: A, D

by Deeanna at May 04, 2022, 09:16 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!