Exam CAMS7 Topic 1 Question 35 Discussion

Actual exam question for ACAMS's CAMS7 exam
Question #: 35
Topic #: 1
An AML analyst discovers multiple accounts using the same phone number and address but under different names. What is the MOST likely concern?

Suggested Answer: B Vote an answer

Shared contact information across unrelated accounts may indicate synthetic identities, account takeover schemes, or mule networks used for money laundering. Criminals often control multiple accounts to move funds rapidly while obscuring transaction trails. Institutions should investigate account relationships, transaction patterns, and onboarding documentation for inconsistencies.

by Les at Sep 12, 2026, 01:34 PM

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