ACAMS
CAMS · Question #21
CAMS Question #21: Real Exam Question with Answer & Explanation
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Question
Upon a routine account review a money laundering investigator identified a number of large round dollar wire transfer deposits into a business account owned by a local auto repair shop. The wire transfers all originated from a country that is a known financial secrecy haven with poor anti- money laundering controls. The investigator concludes there appears to be no legitimate business purpose for the wire transfers and files a suspicious transaction report. The owner of the auto repair shop is popular in the community and is a wellknown philanthropist. To whom should the investigator escalate these concerns?
Options
- AAudit committee
- BChairman of the Board
- CThe owner of the auto repair shop
- DThe bank anti-money laundering officer
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