ACAMS
CAMS · Question #259
What is a method of placement that can be used by a money launderer in a deposit taking institution?
Sign in or unlock CAMS to reveal the answer and full explanation for question #259. The question stem and answer options stay visible for context.
Risks and Methods of Money Laundering and Terrorist Financing
Question
What is a method of placement that can be used by a money launderer in a deposit taking institution?
Options
- ADepositing cash into the money launderer's account
- BSending a large number of funds transfers between accounts
- CWithdrawing large amounts of cash from the money launderer's account
- DDepositing cashier's checks and money orders into the money launderer's account
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.
Topics
#placement stage#cash deposits#money laundering stages#deposit-taking institutions