ACAMS
CAMS · Question #101
CAMS Question #101: Real Exam Question with Answer & Explanation
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Question
Historically, a tour guide has made monthly cash deposits averaging $10,000. Over the past three months, the monthly deposits have averaged $100,000. When the financial institution the tour guide explains that there have been numerous conventions in town so business has increased substantially. Which further action(s) should the financial institution take?
Options
- AImmediately terminate the relationship
- BSchedule a periodic review of activity
- CPerform further investigation, it appropriate report the activity to the authorities and consider
- DPerform further investigation, if appropriate report the activity to the authorities and place a limit
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