Exam CAMS7 Topic 1 Question 128 Discussion
Actual exam question for ACAMS's CAMS7 exam
Question #: 128
Topic #: 1
Question #: 128
Topic #: 1
Which of the following entities could potentially pose a higher money laundering risk and require additional review prior to onboarding? (Select Two.)
Suggested Answer: C,D Vote an answer
Higher-risk customer profilesoften include businesses that:
Regularly handle large volumes of cash
Operate in sectors withhistorical vulnerabilities to money laundering
Are involved invirtual assets or unregulated financial activities
Option C - A local used car sale lot that allows cash payments:
This business type is consideredcash-intensive, and accepting monthly payments in cash raises concerns about the source of funds, potential structuring, or placement of illicit proceeds.
Option D - A Virtual Asset Service Provider (VASP):
VASPs involved inpeer-to-peer crypto transactionspresent elevated AML risks due to theanonymity, speed, and borderless natureof virtual assets. These institutions are often subject toenhanced due diligence requirements.
Option Ais incorrect: A large multinational with documented transactions and transparency typically poseslower inherent risk, though still subject to review.
Option Bmay be reviewed, buton-site ATM replenishment using store cashis not automatically a red flag without other risk indicators.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Customer Risk Profiling- Section:Higher- Risk Business Types and Entities
Regularly handle large volumes of cash
Operate in sectors withhistorical vulnerabilities to money laundering
Are involved invirtual assets or unregulated financial activities
Option C - A local used car sale lot that allows cash payments:
This business type is consideredcash-intensive, and accepting monthly payments in cash raises concerns about the source of funds, potential structuring, or placement of illicit proceeds.
Option D - A Virtual Asset Service Provider (VASP):
VASPs involved inpeer-to-peer crypto transactionspresent elevated AML risks due to theanonymity, speed, and borderless natureof virtual assets. These institutions are often subject toenhanced due diligence requirements.
Option Ais incorrect: A large multinational with documented transactions and transparency typically poseslower inherent risk, though still subject to review.
Option Bmay be reviewed, buton-site ATM replenishment using store cashis not automatically a red flag without other risk indicators.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Customer Risk Profiling- Section:Higher- Risk Business Types and Entities
by Patrick at Nov 26, 2025, 03:49 PM
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