Acams Exam CAMS Topic 4 Question 45 Discussion

Actual exam question for Acams's CAMS exam

Question #: 45
Topic #: 4

Which red flag should a compliance officer prioritize first for investigation?

AA loan is paid off in full with cash after the sale of the vehicle that was used as collateral for the loan.

BSeveral cross-border transfers are received and immediately wired to another beneficiary.

CA customer has 20 monthly transactions that are repetitive but less than $500 USD per transaction.

DA convenience store cashes government checks for its customers in amounts less than $1,000 USD per day.

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Suggested Answer: C

by Karl at May 06, 2022, 10:43 PM

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