CAMS · Question #757
An AML analyst at a financial institution is examining an alert generated by the automated transaction monitoring system to determine whether the alert should be escalated to the AML unit for…
The correct answer is C. Request information from the relationship manager assigned to the account that caused the alert. Transaction monitoring alerts require further analysis to determine whether they indicate genuine suspicious activity or a false positive. Option C (Correct): Requesting information from the relationship manager helps gather customer background details, past transaction…
Question
An AML analyst at a financial institution is examining an alert generated by the automated transaction monitoring system to determine whether the alert should be escalated to the AML unit for further investigation or archived as a false positive. Which action might be reasonable for the AML analyst to take?
Options
- APerform below-the-line testing to ensure the automated monitoring system is operating effectively.
- BSend a request for information to the counterparty bank involved in the transaction that caused
- CRequest information from the relationship manager assigned to the account that caused the alert.
- DRestrict the client's access to the account.
How the community answered
(28 responses)- A14% (4)
- B7% (2)
- C75% (21)
- D4% (1)
Explanation
Transaction monitoring alerts require further analysis to determine whether they indicate genuine suspicious activity or a false positive. Option C (Correct): Requesting information from the relationship manager helps gather customer background details, past transaction patterns, and business rationale.
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