Free ACAMS CAMS Actual Exam Questions s - Question 15 Discussion
1. from a customer who has never conducted a transaction in cash before.
2. transacted in segments smaller than the reporting thresholds at various times during the day.
3. followed by an immediate wire transfer to an offshore secrecy haven.
4. by a customer who operates a cash-based business.
A/C versus D? I’m thinking 1 and 3 are definitely red flags—sudden cash from a non-cash customer and an immediate offshore transfer scream laundering. Including 4 though feels tricky; if the business is truly cash-based, large deposits might be normal. But D includes 2 (structuring), which is classic for laundering too, even with a cash business involved. So maybe the question expects you to consider that even legit-appearing cash businesses can be fronts, making D the better fit? Without more about the business’s legitimacy, I’d pick D over A or C.
Option 1 stands out because a sudden cash deposit from a usually non-cash customer is suspicious. But if the business in 4 is legit, that could explain big deposits. Not sure if 4 should be included here.
Maybe B fits best since 2 suggests structuring, which is classic laundering, and 4 could mean legit cash flow, so including 4 with 1 and 2 highlights suspicious patterns without assuming the business is shady.
It’s A because a customer who never used cash before suddenly depositing a large amount, splitting it to avoid reporting, and quickly sending it offshore are strong indicators. Option 4 fits legit businesses, so it’s less suspicious.
It’s A-1, 2, and 3 fit classic red flags.