ACAMS
CAMS · Question #566
Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?
Sign in or unlock CAMS to reveal the answer and full explanation for question #566. The question stem and answer options stay visible for context.
Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?
Options
- AMaking small cash deposits over the course of a week.
- BPerforming transactions by check (cheque) or other payment instrument.
- CConducting small cash transactions at multiple locations during the same day.
- DEstablishing both a personal and business account and depositing cash in both.
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
#structuring#smurfing#reporting threshold avoidance#placement