ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 19 Topic 2 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 19 Topic 2 Discussion

CAMS Exam Topic 2 Question 19 Discussion:
Question #: 19
Topic #: 2

The compliance officer at a casino in Taiwan discovers that the casino received multiple cash deposits from a customer just below the Large-Amount Transaction Report (LTR) limit on consecutive days. The customer used three different betting accounts.

What is the appropriate next step?


A.

Make a note in the customer's account that the customer's gambling activities are frequently conducted below the reporting limit


B.

Follow internal reporting procedures to escalate the activity as suspicious and report to appropriate authorities


C.

Inform the customer their activity Is suspicious and request an explanation


D.

Contact law enforcement to launch an Investigation into the customer's financial activities


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