Acams Exam CAMS Topic 1 Question 88 Discussion

Actual exam question for Acams's Certified Anti-Money Laundering Specialist exam

Question #: 88
Topic #: 1

[All Certified Anti-Money Laundering Specialist Questions]

Which are social/economic consequences of money laundering? (Choose two.)

ACivil war

BWeakening financial institutions

CIncrease in corruption and organized crime

DIncrease in tax revenue

EWeakening of the country's infrastructure

Show Suggested Answer

Suggested Answer: B, C

by Dion at Sep 17, 2024, 08:33 PM

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Vernell

6 days ago

Increase in tax revenue? Yeah, right. Like the money launderers are gonna cough up that cash to Uncle Sam. Nice try, though.

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Georgiana

10 days ago

I believe the economic consequences of money laundering can be seen in the weakening of the country's infrastructure.

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Chantell

14 days ago

I agree with Izetta. Money laundering can also lead to an increase in corruption and organized crime.

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Marvel

18 days ago

Weakening of the country's infrastructure? Hmm, I bet that's not good for the economy. Yikes!

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Aileen

3 days ago

A) Civil war

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Kristine

19 days ago

Increase in corruption and organized crime? That's a no-brainer, my dude. Gotta watch out for those shady characters.

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Izetta

21 days ago

I think the social consequences of money laundering include weakening financial institutions.

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Charlena

24 days ago

Weakening financial institutions? Well, that's a money laundering nightmare waiting to happen!

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