Exam CAMS7 Topic 1 Question 249 Discussion

Actual exam question for ACAMS's CAMS7 exam
Question #: 249
Topic #: 1
Which of the following risk factors are considered by many supervisory authorities as representing a higher inherent risk associated with MSBs? (Select Two.)

Suggested Answer: B,D Vote an answer

Money Services Businesses (MSBs)are commonly recognized by regulatory and supervisory authorities as havinghigher inherent AML/CFT risk, particularly due to certain business characteristics.
Option B - The prevalence of international wire transfers:
MSBs often facilitatecross-border transactions, which present a higher money laundering and terrorist financing risk due to challenges in verifying customer identity, the origin of funds, and the end destination--especially when dealing with higher-risk jurisdictions.
Option D - The cash-intensive nature of the services offered:
Many MSBs deal primarily incash, which increases the risk ofanonymous transactionsandfunds layering, making it harder to trace illicit activity. Cash is the most vulnerable medium for placement of illicit funds into the financial system.

by Abraham at Jul 09, 2026, 09:19 AM

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