CAMS · Question #222
CAMS Question #222: Real Exam Question with Answer & Explanation
The correct answer is D. Internet search showing how such business are typically operated. The bank's internal investigation is aimed at understanding the activities and legitimacy of the client who wants to open multiple accounts for their swimming pool company, with each account assigned to a debit card for the company's technicians. The purpose of these accounts, as
Question
Options
- AClient's credit bureau report
- BLocal law enforcement investigation report
- CInterview swimming pool technicians and chemical suppliers
- DInternet search showing how such business are typically operated
Explanation
The bank's internal investigation is aimed at understanding the activities and legitimacy of the client who wants to open multiple accounts for their swimming pool company, with each account assigned to a debit card for the company's technicians. The purpose of these accounts, as stated by the client, is to facilitate the purchase of pool chemicals. To conduct a thorough investigation, the bank can consider several available sources of information.
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