ACFCS Financial Crime SpecialistExam CFCS Question # 79 Topic 3 Discussion

ACFCS Financial Crime SpecialistExam CFCS Question # 79 Topic 3 Discussion

CFCS Exam Topic 3 Question 79 Discussion:
Question #: 79
Topic #: 3

You are an investigator in the compliance department of a bank in a border region. The country on the other side of the border has an active narcotics trade run by organized crime gangs operating on both sides of the border Recently, youhave become concerned your bank is being used by a narcotics gang to smuggle bulk cash out of your country.

Which evidence is Ihe strongest indicator that bulk cash smuggling is taking place?


A.

There has been a sudden increase in deposit transactions from a third-party domestic bank to your bank


B.

Your bank has logged a large number of transactions converting large denominations lo small denomination notes in its branches across the border


C.

Your bank has increased transfers of large-denomination notes in your country's currency to banks across the border


D.

Accounts at your bank have made a large number of wire transfers lo offshore jurisdictions


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