ACAMS
CAMS · Question #155
CAMS Question #155: Real Exam Question with Answer & Explanation
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Question
A suspicious transaction report filed on a car dealer structuring deposits initiates a criminal investigation. The dealer changes branches and begins placing transactions with a frontline employee to whom the dealer has given numerous gifts. This employee handles all of the dealer's structured deposits and does not report the suspicious activity internally. The competent authority has advised the anti-money laundering specialist to avoid tipping off the employee until the investigation is finalized. What action should the specialist take next?
Options
- ARecommend the immediate termination of the employee.
- BAdvise that the dealer's accounts should be closed.
- CConsult with senior management and the legal advisor.
- DInform the institution's regulatory agency of the situation.
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