ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 202 Topic 21 Discussion

ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 202 Topic 21 Discussion

CAMS Exam Topic 21 Question 202 Discussion:
Question #: 202
Topic #: 21

A customer has held an account at a local credit institution for 10 years. The account has received deposits twice weekly for the same amount and has never shown signs of suspect behavior. Monitoring software indicated that in the past few months the account has received several large deposits that were not in line with the account history.

When asked, the customer states she recently sold a piece of property, which is supported with a proof of sale.

Which of the following should the compliance officer do next?


A.

Investigate these unusual transactions further.


B.

Contact the local Financial Intelligence Unit for advice.


C.

File a suspicious transaction report with the competent authorities.


D.

Document reasons for not filing a suspicious transaction report.


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