ACAMS
CAMS · Question #24
CAMS Question #24: Real Exam Question with Answer & Explanation
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Question
A compliance officer at an insurance company has been reviewing the transaction activity of several clients. Which transaction is considered a red flag for potential money laundering?
Options
- AA client paid the quarterly life insurance premium using money orders from two different banks.
- BA client from a high-risk jurisdiction recently purchased property insurance for a real-estate
- CA corporation owns several affiliates and recently opened separate group life insurance policies
- DA client established a $100,000 charitable annuity with a non-profit organization that provides
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