ACAMS
CAMS · Question #482
CAMS Question #482: Real Exam Question with Answer & Explanation
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Question
The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for 10.000 USD each. What activity is considered suspicious of money laundering?
Options
- AUsing cash to buy multiple cashier's checks over a period of time
- BUsing cashier's checks in the transactions with the real estate investment company's account
- CPerforming operations with real estate investment companies
- DReceiving electronic transfers for 10.000 USD amounts from other financial institutions
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