ACAMS
CAMS · Question #592
CAMS Question #592: Real Exam Question with Answer & Explanation
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Question
A company contracts a life insurance policy with a savings feature of 100,000 USD for an individual in a high-risk country. The policy receives monthly cash deposits from unknown third parties. A minimal part of the deposit is invested and the rest is withdrawn by the end of the month. Which are the circumstances to consider as a risk for money laundering? (Select Two.)
Options
- AThe regular withdrawals from the policy by the end of the month
- BUnidentified third parties depositing cash to the policy
- CA company established in a high-risk country contracting a policy for a domestic individual
- DA policy for an amount of 100,000 USD is to be considered high and suspicious
- EA life insurance policy with a savings feature for a national from a high-risk country
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