ACAMS
CAMS · Question #799
CAMS Question #799: Real Exam Question with Answer & Explanation
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Question
A client advisor at a bank contacts a member of the compliance team for guidance on how to proceed with a client who wants to transfer US$250,000 from the sale of cryptoassets into their savings account at the bank. What guidance should the compliance team provide?
Options
- AAdvise further clarification is necessary, including which coins or tokens were sold and whether
- BAdvise that the transaction should be stopped because cryptoassets in general are not regulated
- CConfirm to the advisor that the customer can proceed with the transaction if the client's KYC is up
- DConfirm to the advisor that the customer can proceed with the transaction because clients are
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