Acams Exam CAMS Topic 1 Question 87 Discussion

Actual exam question for Acams's CAMS exam

Question #: 87
Topic #: 1

[All CAMS Questions]

One of the red flags of microstructuring is:

Adepositing sequentially numbered checks.

Bcheck deposits followed by ATM withdrawals using debt card in retail store.

Csingle activity in an account immediately following the opening of the account.

Dfrequent visits to make cash deposits of nominal amounts.

Show Suggested Answer

Suggested Answer: D

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

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Celia

4 months ago

D is the classic move, but let's be real, they're all signs that someone's up to no good. Maybe they should just call this the 'How to Launder Money 101' exam.

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Alishia

4 months ago

Haha, this is like a criminal's checklist for how not to get caught! I'll go with D, the old 'death by a thousand paper cuts' approach.

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Josephine

3 months ago

D) frequent visits to make cash deposits of nominal amounts.

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Felicidad

3 months ago

C) single activity in an account immediately following the opening of the account.

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Huey

4 months ago

B) check deposits followed by ATM withdrawals using debt card in retail store.

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Evelynn

4 months ago

A) depositing sequentially numbered checks.

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Catalina

5 months ago

All these options sound sketchy, but I'm going with D. Nothing says 'I'm trying to hide something' like small cash deposits.

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Sonia

4 months ago

User 3: I agree with the original comment, D seems the most suspicious to me.

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Samira

4 months ago

I disagree, I believe C is more suspicious.

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Chanel

4 months ago

I think B is the red flag.

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Penney

5 months ago

I'd say C is the way to go. A single transaction right after opening an account is a pretty big red flag.

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Noelia

4 months ago

C) single activity in an account immediately following the opening of the account.

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Irene

4 months ago

B) check deposits followed by ATM withdrawals using debt card in retail store.

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Felix

4 months ago

A) depositing sequentially numbered checks.

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Sarina

5 months ago

I believe frequent visits to make cash deposits of nominal amounts could also be a red flag, as it may suggest an attempt to avoid reporting requirements.

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