ACAMS
CAMS · Question #65
CAMS Question #65: Real Exam Question with Answer & Explanation
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Question
The compliance officer for a bank is reviewing on-boarding documents for a new business account for a domestic corporation. The officer is unable to verify the identity of the beneficial owners of the company. Only information on the nominee owners was provided, and none of the listed addresses are local. The purpose of the business and future expected activity were disclosed to include cash letters, money orders and international remittance transfers. Which red flag identifies a heightened money laundering risk?
Options
- AExpected activity was advised to include cash letter and money orders
- BThe nature and purpose of the business include international remittance transfers
- CThe names provided at account opening are identified as the corporation's representative
- DAccount signer's government issued identification lists addresses outside of where the branch
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