CAMS Money Practice Questions

What is the primary goal of anti-money laundering (AML) regulations?

• AA. To increase bank profits
• BB. To improve customer service
• CC. To enhance investment opportunities
• DD. To prevent financial crime

Which of the following is NOT a typical indicator of money laundering?

• AA. Consistent monthly income
• BB. Rapid currency exchange
• CC. Unusual account activity
• DD. Large cash deposits

Which of the following is a common method used by money launderers?

• AA. Investing in real estate
• BB. Smurfing
• CC. Participating in community service
• DD. Opening a savings account

Which of the following is an example of layering in money laundering?

• AA. Depositing cash into multiple accounts
• BB. Purchasing high-value assets
• CC. Transferring money internationally
• DD. All of the above