ACAMS
CAMS · Question #194
CAMS Question #194: Real Exam Question with Answer & Explanation
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Question
A customer comes into a financial institution and deposits a large amount of cash. He has never done that before. When asked about the deposit, he indicates he recently sold a used car and received cash. He does not trust forms of payment and is wary of counterfeit money orders. What should the bank do?
Options
- AThe bank has received a plausible explanation, so it should do nothing
- BWhile the explanation appears plausible, the institution should, for a period of time, monitor the
- CWhile the explanation may be plausible, the institute should nonetheless file a Suspicious
- DThe institution should close the account before another issues arise
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