ACAMS
CAMS · Question #237
CAMS Question #237: Real Exam Question with Answer & Explanation
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Question
A bank has opened a new account for a well-known attorney to manage client funds. During the first six months, bank staff observe the account receives multiple deposits via wire transfer. They also observe that the attorney withdraws cash, makes payments to various people, and transfers funds to the law firm's account online. What is considered a red flag for potential money laundering in this situation?
Options
- AWithdrawing cash
- BMaking payment to various people
- CReceiving multiple deposits via wire transfer
- DTransferring funds to his law firm's account online
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