ACAMS
CAMS · Question #321
CAMS Question #321: Real Exam Question with Answer & Explanation
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Question
A profitable commercial customer who operates an import-export business has multiple accounts with the same institution at branches m different locations. The customer receives funds from a jurisdiction perceived as highly corrupt according to Transparency International ratings. The customer makes frequent transfers among the accounts and prefers to manage the accounts separately. What should the institution do to mitigate the risk associated with these accounts?
Options
- AFile a suspicious transaction report
- BDiminish the importance of the subjective Transparency International rating
- CConduct a trade-price manipulation analysis
- DDevelop a system to monitor all the activity
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