ACAMS
CAMS · Question #242
CAMS Question #242: Real Exam Question with Answer & Explanation
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Question
A director of a financial institution was convicted of laundering money as part of a Ponzi scheme and terminated. As a result of an internal investigation evidence proved that an employee assisted in the illegal activity. Which action should the institution take?
Options
- ADiscipline the employee with no further action
- BDiscipline the employee and inform local authorities
- CSince the employee was not charged, no further action is required
- DRequire all employees to complete additional anti-money laundering training
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