Exam CAMS Topic 1 Question 272 Discussion

Actual exam question for ACAMS's CAMS exam
Question #: 272
Topic #: 1
Which red flag indicates high potential for money laundering in a real estate purchase?

Suggested Answer: A Vote an answer

The purchaser being a nominee is a red flag that indicates high potential for money laundering in a real estate purchase. A nominee is a person or entity that acts on behalf of another person or entity, usually to conceal the identity or beneficial ownership of the real owner. Money launderers may use nominees to purchase real estate with illicit funds, and then transfer the property to the real owner or sell it for a profit. This way, they can obscure the source and ownership of the funds, and integrate them into the legitimate economy12.
:
ACAMS, CAMS Examination Study Guide, 6th Edition, Chapter 3, pp. 77-78
FATF, Money Laundering and Terrorist Financing through the Real Estate Sector, June 20073, pp. 19-20

by Jerry at Jul 10, 2025, 11:22 AM

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