ACAMS
CAMS · Question #452
CAMS Question #452: Real Exam Question with Answer & Explanation
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Question
A long-term client of an insurance company makes changes to a policy that require payment of an additional lump sum. The amount payable is high, though within the client's means based on the KYC information collected. The payment is made via a company in another jurisdiction that is known to have lax AML controls. Which indicator of suspicious activity is present?
Options
- AThe payment was made via a company that appears to be owned and controlled by the client
- BThe payment was made via a company in a jurisdiction known to have lax AML controls.
- CA long-term client wants a change to a policy that is already in force.
- DThe additional premium payable appears to be within the client's means based on the KYC
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