ACAMS
CAMS · Question #556
CAMS Question #556: Real Exam Question with Answer & Explanation
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Question
A relationship manager in a bank has had a private banking customer for 10 years. The customer has business accounts and investments and seeks advice on the creation of a company overseas. The relationship manager refers the customer to the commercial banking manager and vouches for the customer. Which of the following risk factors is the most important?
Options
- AThe proposed offshore jurisdiction is known for its strong privacy laws limiting access to customer
- BThe customer does not want to provide more information than when the first account was opened.
- CThe company wants to transfer funds in large, even amounts.
- DEntities that are to receive funds from this company are located in the same country.
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