ACAMS
CAMS · Question #370
An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to u
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Conducting and Responding to Investigations
Question
An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to unusual activity on the account. Which most likely triggered the review?
Options
- AThe account receives international payments that are substantially higher than other fees they
- BThe account sends monthly donations to several charities that operate in the same communities
- CThe account receives several payments a day from multiple customers who operate in different
- DThe account receives international wires from companies in the Middle East where the accounting
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Topics
#transaction monitoring#unusual activity#international payments#account review