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

Which of the following is an example of white-collar crime?

1. Robbery

2. Money laundering

3. Assault

4. Theft

The correct answer is: Money laundering

Money laundering is a classic example of white-collar crime because it involves the illicit process of making illegally obtained money appear legitimate. White-collar crimes are typically non-violent and committed for financial gain through deceit and concealment, often within a business or professional context. Money laundering often occurs in multiple stages, such as placement, layering, and integration, and typically involves sophisticated methods and strategies to obscure the original source of the funds. This kind of crime can have a significant impact on the economy and financial systems, distinguishing it from more overtly violent crimes like robbery or assault, which involve direct confrontations and threats. Understanding this distinction is crucial for those studying anti-money laundering and financial crime prevention.