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

Who are considered money mules?

1. Individuals investing stolen funds

2. People involved in legitimate investment firms

3. Individuals transferring stolen assets or money

4. Investors who participate in money laundering schemes

The correct answer is: Individuals transferring stolen assets or money

Money mules are individuals who assist in the transfer of illicitly obtained funds, typically by receiving money from a criminal source and then forwarding it to another party, often for a fee. This process helps launder the money and obscure its origins. By acting as intermediaries, money mules play a crucial role in the mechanics of money laundering, as they facilitate the movement of stolen assets without necessarily being involved in the initial crime. The other options describe different roles or activities that do not align with the definition of a money mule. Investing stolen funds does not specifically involve the transfer aspect associated with money mules. Legitimate investment firms operate within lawful parameters and are not involved in illicit activities like money laundering. Investors participating in money laundering schemes may be involved in different capacities, but not all are categorized as money mules, who specifically focus on the transfer of stolen money rather than investment.