ACAMS
CAMS · Question #653
CAMS Question #653: Real Exam Question with Answer & Explanation
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Question
A customer's registered business activity is a domestic carpet cleaning company. Besides domestic receipts, there are incoming weekly transactions from an international reputable auction house starting at 15,000 USD and averaging 30,000 USD. The matching cash outgoings amount to 90% of the incoming deposits to non-related individuals. Which is most concerning for potential money laundering?
Options
- AThe customer is paying 90% of the incoming proceeds to non-related individuals in cash.
- BThe customer is a domestic carpet cleaning company.
- CThe customer's international incomings are from an international reputable antique auction house.
- DThe customer's initial international receipt has increased from 15,000 USD to an average of
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