ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 60 Topic 7 Discussion

ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 60 Topic 7 Discussion

CAMS Exam Topic 7 Question 60 Discussion:
Question #: 60
Topic #: 7

Historically, a tour guide has made monthly cash deposits averaging $10,000. Over the past three months, the

monthly deposits have averaged $100,000. When the financial institution QUESTION NO:s the increased deposits,

the tour guide explains that there have been numerous conventions in town so business has increased

substantially.

Which further action(s) should the financial institution take?


A.

Immediately terminate the relationship


B.

Schedule a periodic review of activity


C.

Perform further investigation, it appropriate report the activity to the authorities and consider terminatingthe relationship


D.

Perform further investigation, if appropriate report the activity to the authorities and place a limit on futuretransactions


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