ACAMS
CAMS · Question #167
CAMS Question #167: Real Exam Question with Answer & Explanation
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Question
An anti-money laundering specialist has been hired by an independently-owned community bank to implement an anti-money laundering compliance program. This bank has recently seen a dramatic increase in the number of international electronic fund transfers from its commercial clients. The first thing the anti-money laundering specialist should do is
Options
- Afile a suspicious transaction report on international customers receiving large electronic fund
- Bconduct a risk assessment of the bank's international electronic fund transfer activity.
- Cdevelop a new account questionnaire to quantify the level of risk for new international accounts.
- Dclose all accounts which have had a dramatic increase in international electronic fund transfer
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