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ACAMS WITH DETAILED ANSWERS UPDATE ALREDY
C - ANSWER- The USA PATRIOT Act was in:
A) 1970
B) 1985
C) 2001
D) 2007
D - ANSWER- The three stages of money laundering are:
A) Layering, Placement, Refining
B) Placement, Refining, Integration
C) Refining. Integration, Layering
D) Integration, Layering, Placement
D - ANSWER- Which of the following would be satisfactory elements of an Anti-Money
Laundering Program?
I - A CAMS certified employee in the Investigations Unit writes up a few policies and
procedures and posts them on the department bulletin board.
II - Shortly after attaining their CAMS certification, the individual provides AML
training to the Investigations Unit.
III - The CAMS certified individual routinely reviews the work of the Investigations
Unit.
IV - The CAMS certified individual assumes the responsibility of a compliance
watchdog.
A) All of the above would be satisfactory
B) II and IV would be satisfactory
C) I and III would be satisfactory
D) None of the above would be satisfactory
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