Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Acams Exam CAMS Topic 2 Question 75 Discussion

Actual exam question for Acams's CAMS exam
Question #: 75
Topic #: 2
[All CAMS Questions]

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

Show Suggested Answer Hide Answer
Suggested Answer: A, D

by Bulah at May 18, 2024, 10:31 AM

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Scarlet
9 months ago
C is interesting, but I think it's a bit too complicated. Why not just overpay the policy and withdraw the excess?
upvoted 0 times
...
Kenneth
9 months ago
B is just plain silly. Why would you make your sibling the beneficiary? That's too obvious.
upvoted 0 times
Dong
9 months ago
D) The policy holder uses an offshore company to pay the insurance installments.
upvoted 0 times
...
Raylene
9 months ago
A) The policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties.
upvoted 0 times
...
...
Tiera
10 months ago
E is just a weird one. Who cares about the costs? The point is to move the money around, not worry about the fees.
upvoted 0 times
...
Rosendo
10 months ago
A and D seem like the most common methods. Offshore companies are a classic way to hide the money trail.
upvoted 0 times
Micheline
8 months ago
A) It's a sneaky way to launder money for sure.
upvoted 0 times
...
Ailene
8 months ago
D) And overpaying the policy can help disguise the illegal funds as legitimate payments.
upvoted 0 times
...
Cheryl
9 months ago
A) Definitely, it's all about trying to cover your tracks.
upvoted 0 times
...
Bev
9 months ago
D) It's a common tactic to try and hide the source of the funds.
upvoted 0 times
...
Laurel
9 months ago
A) That's true, using offshore companies can make it harder to trace the money.
upvoted 0 times
...
Craig
9 months ago
D) The policy holder uses an offshore company to pay the insurance installments.
upvoted 0 times
...
Shawna
9 months ago
D) The policy holder uses an offshore company to pay the insurance installments.
upvoted 0 times
...
Craig
9 months ago
A) The policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties.
upvoted 0 times
...
Malissa
9 months ago
A) The policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties.
upvoted 0 times
...
...

Save Cancel