ACAMS
CAMS · Question #906
CAMS Question #906: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #906. The question stem and answer options stay visible for context.
Question
A compliance officer at a financial institution has completed an investigation into a high-risk customer's activities and determined that there are strong indications of money laundering. The compliance officer has documented their findings and is ready to recommend offboarding the customer. However, the relationship manager responsible for the customer is resistant to the idea, citing the customer's significant revenue contribution to the institution. What should the compliance officer do next to ensure the appropriate escalation and decision- making process is followed?
Options
- AEscalate the matter to the institution's high-risk client committee, presenting the investigation
- BProceed with offboarding the customer unilaterally based on their investigation findings and anti-
- CAttempt to persuade the relationship manager to agree with the offboarding recommendation by
- DDelay the offboarding decision and continue monitoring the customer's activities, waiting for
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.