Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam

When might someone use an apostille?

1. To sell a property in the same country

2. To open a bank account overseas through mail

3. To certify a diploma for a domestic job application

4. To provide proof of identity during a local transaction

The correct answer is: To open a bank account overseas through mail

An apostille is a certificate that authenticates the origin of a public document, and it is particularly relevant in international contexts. In the case of opening a bank account overseas, especially through mail, the bank often requires proof that the documents being submitted (like identification or proof of residency) are legitimate and have been properly notarized. An apostille allows for the documents to be recognized as valid across international borders by confirming that they were issued by an authority in one country and have been authenticated for use in another. Using an apostille when opening a bank account overseas provides the necessary legal backing that the documents are genuine, thereby facilitating transactions between international financial institutions and complying with their regulations. Conversely, the other options listed—selling property, certifying a diploma for a domestic job, or providing proof of identity during local transactions—usually do not require the same level of international validation, as they occur within one country’s legal framework where an apostille is not necessary.