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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:

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Suggested Answer: D

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

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Celia
24 days 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
27 days 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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Huey
2 days ago
B) check deposits followed by ATM withdrawals using debt card in retail store.
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Evelynn
14 days ago
A) depositing sequentially numbered checks.
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Catalina
1 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
13 days ago
User 3: I agree with the original comment, D seems the most suspicious to me.
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Samira
22 days ago
I disagree, I believe C is more suspicious.
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Chanel
23 days ago
I think B is the red flag.
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Penney
1 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
10 days ago
C) single activity in an account immediately following the opening of the account.
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Irene
12 days ago
B) check deposits followed by ATM withdrawals using debt card in retail store.
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Felix
13 days ago
A) depositing sequentially numbered checks.
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Sarina
2 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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Allene
2 months ago
I agree with Sarina, because it could indicate an attempt to avoid detection by breaking up large transactions into smaller ones.
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Novella
2 months ago
I think the correct answer is D. Frequent cash deposits of nominal amounts seem like a classic money laundering tactic.
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Silvana
1 months ago
I think it could also be B, with the ATM withdrawals using a debit card.
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Gearldine
2 months ago
I agree, D does seem suspicious.
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Tamekia
2 months ago
B sounds like a good one too. Trying to hide the source of funds through ATM withdrawals and check deposits.
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Sarina
2 months ago
I think the red flag of microstructuring is depositing sequentially numbered checks.
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