Acams Exam CAMS Topic 4 Question 82 Discussion

Actual exam question for Acams's CAMS exam

Question #: 82
Topic #: 4

[All CAMS Questions]

Which are social/economic consequences of money laundering? (Choose two.)

ACivil war

BWeakening financial institutions

CIncrease in corruption and organized crime

DIncrease in tax revenue

EWeakening of the country's infrastructure

Show Suggested Answer

Suggested Answer: B, C

by Dorothy at Aug 27, 2024, 09:16 AM

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Walker

3 months ago

Haha, D? Increase in tax revenue? Yeah, right, and unicorns are gonna start raining from the sky! B and C all the way, folks.

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Alecia

1 months ago

C) Increase in corruption and organized crime

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Taryn

1 months ago

B) Weakening financial institutions

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Andrew

2 months ago

A) Civil war

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Graham

2 months ago

C) Increase in corruption and organized crime

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Carisa

2 months ago

B) Weakening financial institutions

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Edda

3 months ago

A) Civil war

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Kimberely

3 months ago

I'm gonna have to go with the classic combo of B and C. Money laundering is like a virus that infects the entire financial system. And don't even get me started on D - that's just plain ludicrous!

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Renea

3 months ago

Gotta go with B and C on this one. Money laundering is like a double-edged sword - it cuts deep into the economy and empowers the wrong people.

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Harley

2 months ago

We need to work together to combat money laundering and its consequences.

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Dyan

2 months ago

It's a vicious cycle that harms the economy and society as a whole.

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Diane

2 months ago

Definitely, it also leads to an increase in corruption and organized crime.

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Detra

2 months ago

I agree, money laundering can really weaken financial institutions.

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Darrin

4 months ago

I believe the economic consequences of money laundering can also include weakening of the country's infrastructure.

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Naomi

4 months ago

I agree with Corinne. Money laundering can lead to an increase in corruption and organized crime as well.

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Joni

4 months ago

Oof, B and E for sure. Who in their right mind thinks money laundering would increase tax revenue? That's a real head-scratcher.

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Quiana

4 months ago

Definitely B and C. Money laundering weakens financial institutions and fuels organized crime. Can't believe D is even an option - that's just silly!

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Maryln

3 months ago

Yeah, and it also increases corruption and organized crime.

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Helene

3 months ago

I agree, money laundering definitely weakens financial institutions.

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Corinne

4 months ago

I think the social consequences of money laundering include weakening financial institutions.

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