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CAMS · Question #553

CAMS Question #553: Real Exam Question with Answer & Explanation

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Question

According to the Financial Action Task Force Special Recommendations on Terrorist Financing, which of the following should an anti-money laundering specialist do if the specialist has reasonable grounds to suspect funds are linked or related to terrorist acts?

Options

  • AConduct a full due diligence review of the client.
  • BInform the institution's managing Board.
  • CContact the institution's legal advisor.
  • DPromptly report to the competent authority.

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