ACAMS
CAMS · Question #934
CAMS Question #934: Real Exam Question with Answer & Explanation
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Question
News published in Country A reports that a politically exposed person (PEP) had received a bribe from a transnational company headquartered in a developing country of approximately USS1.5 million deposited into on account at a financial institution (Fl> located in Country B Both countries are members of the Egmont Group The account where the money was deposited belongs to the PEP's immediate family member. To corroborate the facts, the PIU of Country A sent a formal request via secure communication channels for further information from its counterpart FIU in Country B. According to Egmont principles, the FIU of Country B can:
Options
- Aprovide the information available to them because the exchange is between two FlUs that are
- Bprovide the requested information only if a memorandum of understanding (MoU) is signed
- Cdirect the FIU of Country A to the Fl where the account was opened for further information.
- Ddeny the request if the FIU of Country B has not received a suspicious activity report (SAR) from
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