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CAMS · Question #663

CAMS Question #663: Real Exam Question with Answer & Explanation

The correct answer is C. Gathering and assessing internal sources of information, including information obtained from the. The first step in a financial investigation is to review and analyze all internal sources of information related to the suspicious transaction. Gathering and assessing internal data helps investigators establish a baseline for normal vs. suspicious customer behavior. This include

Question

What is the first step that an investigator should take when beginning a financial investigation into a potential suspicious activity?

Options

  • AContacting the country's financial intelligence unit (FIU) officers to seek advice on whether the
  • BDetermining whether the potential suspicious activity is consistent with the customer's
  • CGathering and assessing internal sources of information, including information obtained from the
  • DIdentifying and reviewing external information, including online presence, customer-related

Explanation

The first step in a financial investigation is to review and analyze all internal sources of information related to the suspicious transaction. Gathering and assessing internal data helps investigators establish a baseline for normal vs. suspicious customer behavior. This includes reviewing KYC (Know Your Customer) documentation, transaction history, and any previous alerts on the customer.

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