ACAMS
CAMS · Question #655
CAMS Question #655: Real Exam Question with Answer & Explanation
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Question
A high-profile, successful entrepreneur has been a client of a Swiss private bank for more than a decade. Recently, the entrepreneur launched a political career, with rather extremist political views. On which grounds can the bank terminate the client's bank relationship? (Select Two.)
Options
- AThe client is not able (or willing) to provide documentary evidence of tax compliance.
- BThe client's account has an increase in unusual and significant monthly inflows.
- CA business partner of the account holder requests an asset freeze, stating a business dispute and
- DThe client has made his/her fortune in the mining and excavation industry, which the bank has
- EContinuing the client relationship poses an increasing reputational risk, which could negatively
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