CAMS Question #419: Real Exam Question with Answer & Explanation

The correct answer is A. make economic sense. Using the customer profile and expected activity information, a financial institution should be able to identify transactions that are difficult to make economic sense. Transactions that don't make economic sense may be suspicious, and should be investigated further to determine

Question

Using the customer profile and expected activity information, a financial institution should be able to identify transactions that are difficult to:

Options

Amake economic sense
Bmake viable profitability.
Cbe strategically viable.
Dcross verify.

Explanation

Using the customer profile and expected activity information, a financial institution should be able to identify transactions that are difficult to make economic sense. Transactions that don't make economic sense may be suspicious, and should be investigated further to determine if they may be related to money laundering or other illicit activities. For example, if a customer is profiting from a series of transactions that don't make economic sense, such as buying and selling the same stock multiple times in a short period of time, then this could be a sign of money laundering or other illicit activities.

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