CAMS Question #936: Real Exam Question with Answer & Explanation

Question

Options

• AQuestion their co-worker to determine If their suspicions are correct before reporting to the Fl's
• BUse the Fl's whistle blowing channel to report the suspected employee
• CWarn colleagues and customers of the F1 that the employee's suspicious financial investment
• DConduct an open-source intelligence investigation using artificial intelligence tools to gain more
• EReport the suspected employee to the line manager of the F1 to take the required action

Explanation

An employee suspecting a colleague of financial crime should report through the FI's official whistleblowing channel rather than investigating independently, confronting the individual, or making informal disclosures.

Common mistakes.

• A. Directly questioning the suspected co-worker risks tipping them off, compromising evidence, and may itself constitute a tipping-off offense under applicable AML laws.
• C. Warning colleagues and customers publicly would likely constitute tipping off, could harm an innocent person's reputation, and would undermine any formal investigation.
• D. Conducting an independent OSINT investigation exceeds the employee's authorized role, could contaminate or taint evidence, and introduces legal, privacy, and data protection risks.
• E. Reporting to a line manager is not the designated channel because the manager may lack the independence, authority, or specialized training to handle financial crime allegations appropriately, and using the whistleblowing channel ensures proper escalation and confidentiality.

Concept tested. Internal whistleblowing procedures for suspected financial crime

Reference. https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Recommendations.html

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