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Acams Exam CAMS-FCI Topic 1 Question 10 Discussion

Actual exam question for Acams's CAMS-FCI exam
Question #: 10
Topic #: 1
[All CAMS-FCI Questions]

The training department is conducting awareness training for unusual customer identification scenarios. Which two indicators should be included? (Select Two.)

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Suggested Answer: A, B

This information can be found in the Certified Anti-Money Laundering Specialist (CAMS) study guide, 6th edition, under the section on Unusual Customer Identification Scenarios. The guide explains that two indicators that should be included in awareness training for unusual customer identification scenarios are:

A . The customer opens the account in the name of a family member who begins making large deposits.

This is an indicator of potential structuring, where a customer may be attempting to avoid triggering reporting thresholds by depositing funds in smaller amounts over time. It is important for staff to be aware of this scenario and to monitor accounts for potential suspicious activity.

B . The customer's name and home address cannot be verified.

This is an indicator of potential identity theft or other fraudulent activity. If a customer's identifying information cannot be verified, it is important for staff to conduct additional due diligence to ensure that the customer is legitimate and that the account is not being used for illicit purposes.


Contribute your Thoughts:

Lashawn
2 days ago
B and D make the most sense to me. Though I have to admit, the idea of someone trying to exchange small bills for large ones is kind of funny. Must be trying to pull off some sort of heist!
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Loreta
6 days ago
If the customer's name and address cannot be verified, or if they request payment to a third party, it could be a red flag for money laundering.
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Dong
8 days ago
Why do you think so, Loreta?
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Loreta
10 days ago
I believe indicators B and D are more important to include.
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Jettie
11 days ago
Haha, I bet the person who wrote this question was trying to trick us with those weird bill exchange options (E). Nice try, but I'm sticking with B and D!
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Iola
15 days ago
I agree with you, Dong. Those indicators seem suspicious.
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Desiree
19 days ago
I agree with B and D. The IP address thing (C) seems a bit too technical for a general awareness training.
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Magdalene
3 days ago
A) The customer opens the account in the name of a family member who begins making large deposits.
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Micaela
28 days ago
Definitely B and D. The other options are a bit too specific in my opinion. This is about general awareness, not detailed scenarios.
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Xuan
29 days ago
I think B and D are the correct indicators. Verifying customer identity and monitoring for suspicious fund transfers are key.
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Fernanda
2 days ago
I think D is a red flag too, suspicious fund transfers should definitely be monitored.
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Cruz
10 days ago
I agree, verifying customer identity is crucial.
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Ty
13 days ago
D) The customer requests payment of proceeds to an unrelated third party.
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Florinda
21 days ago
B) The customer's name and home address cannot be verified
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Dong
1 months ago
I think indicators A and C should be included.
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