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CAMS · Question #122

CAMS Question #122: Real Exam Question with Answer & Explanation

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Question

Which method is indicative of potential money laundering and terrorist financing activity?

Options

  • AClient converts 500 Euro in mixed denomination notes to small denomination U.S. bills in a single
  • BA commercial client in the export business regularly receives wire transfers from high risk
  • CAn unknown client purchases multiple monetary instruments for one person during the course of
  • DAn unknown client pays $1,000 in cash for an urgent transfer to a high risk country

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