ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 71 Topic 8 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 71 Topic 8 Discussion

CAMS Exam Topic 8 Question 71 Discussion:
Question #: 71
Topic #: 8

The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for US$10,000 each.

What activity is considered suspicious of money laundering?


A.

Receiving electronic transfers for US$10,000 amounts from other financial institutions


B.

Using cash to buy multiple cashier's checks over a period of time


C.

Performing operations with real estate investment companies


D.

Using cashier's checks in the transactions with the real estate investment company's account


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