Acams Exam CAMS Topic 4 Question 83 Discussion

Actual exam question for Acams's CAMS exam

Question #: 83
Topic #: 4

[All CAMS Questions]

A bank sells reloadable open-loop prepaid cards to both customers and non-customers.

What is a red flag associated with these cards that may indicate money laundering?

AA bank customer historically purchases several prepaid cards near year-end.

BA non-bank customer regularly loads large amounts of cash onto several prepaid cards.

CA non-bank customer consistently uses the bank to obtain cash advances using a prepaid card.

DA bank customer routinely purchases five prepaid cards in small even-dollar amounts on a monthly basis.

Show Suggested Answer

Suggested Answer: A, C, F

by Vallie at Sep 08, 2024, 12:11 PM

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1 days ago

I agree with Candida, loading large amounts of cash onto prepaid cards seems suspicious.

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4 days ago

I think the red flag is option B.

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