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ACFCS Financial Crime SpecialistExam CFCS Question # 7 Topic 1 Discussion

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ACFCS Financial Crime SpecialistExam CFCS Question # 7 Topic 1 Discussion

CFCS Exam Topic 1 Question 7 Discussion:
Question #: 7
Topic #: 1

As an internal auditor for a commercial financial institution you are reviewing fixed term loans to a commercial customer that you are convinced were used to launder proceeds of crime.

Which three situations support your suspicion of money laundering? Choose 3 answers
A.

Loan proceeds were partly disbursed by wire to a higher risk country with strict customer privacy laws

B.

The company's CFO is Ihe son-in-law of the Minister of Defense for a neighboring country

C.

Repayment firms were not followed and the loan was fully repaid early

D.

The customer is now classified as higher credit risk and would no longer qualify for a loan

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Actual exam question for ACFCS CFCS exam by Eris85907 at Aug 2, 2025, 12:00:00 AM

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