Acams Certified Anti-Money Laundering Specialist CAMS Exam Questions

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Question #1 (Topic: Demo Questions)

Which method to launder money through deposit-taking institutions is closely associated with international trade?

Forming a shell company

Using Black Market Peso Exchange

Structuring cash deposits withdrawals

Investing in legitimate business with illicit funds

Correct Answer: B

Explanation:

The Black Market Peso Exchange (BMPE) is a trade-based money laundering technique commonly
used by narcotics traffickers in Colombia and Mexico. The central feature uses a money trader to
ensure that US drug sales revenue doesn’t cross any borders. Instead, those dollars are used to
purchase any number of legitimate commodities from unsuspecting businesses on behalf of
legitimate South American businesspersons, whose legitimate imports are used to obtain pesos for
the drug cartels. This method is closely associated with international trade because it involves the
exchange of goods and currencies across different countries, and it exploits the discrepancies
between the official and unofficial exchange rates.
CAMS Certification Package - 6th Edition | ACAMS, Chapter 2: Money Laundering Risks and Methods,
page 35
Black Market Peso Exchange in Money Laundering - Financial Crime Academy
What is BMPE ? - Sanction Scanner
Overview - FinCEN.gov
Reference:http://fraudaid.com/Dictionary-of-Financial-ScamTerms/black_market_peso_exchange.htm

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