ACAMS
CAMS · Question #308
CAMS Question #308: Real Exam Question with Answer & Explanation
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Question
A quarterly review is conducted on a retail customers account at a bank located in a jurisdiction with currency reporting thresholds. A number of large deposits of financial instruments drawn on other institutions in amounts under thresholds were noted. This activity did not fit the accounts historical profile. A suspicious transaction report will most likely be filed if what also occurred?
Options
- AThe customer has defaulted on a large loan with the bank
- BThe deposited financial instruments were sequentially numbered
- CFour deposits were made during this period that exceeded the thresholds
- DThe customer purchased financial instruments exceeding the threshold on three occasions
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