ACAMS
CAMS · Question #247
CAMS Question #247: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #247. The question stem and answer options stay visible for context.
Question
A money transmitter's nation-wide agent network remits funds to a country in Africa on behalf of an immigrant community based in the United States. A terrorist group is known to operate openly in this African country. In reviewing transaction records, the compliance officer detects a pattern where two customers together visit the same agent each week and remit the same amount of funds, $2,500, to the same recipient in the country in Africa. What should alert the compliance officer to possible money laundering or terrorist financing activity by the two customers?
Options
- AThe customers always visit together.
- BThe customers always visit the same agent.
- CThe funds are being sent to the same recipient each week.
- DThe dollar amount of each transaction is just below the record keeping threshold.
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.