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Category: CAMS

Exam CAMS: Certified Anti-Money Laundering Specialists

What should the junior account manager do?

A junior account manager within an international private bank in Country A was asked by one of his valued
customers, who has held an account for several years in the institution, about depositing a large sum of cash
into her account. The junior account manager informed his customer that his bank does not accept cash. The
junior account manager later reviewed a customer activity report and noticed a number of smaller dollar wires
from banks in neighboring Country B, which has lax currency controls, that totaled about as much as the
customer intended to deposit.
What should the junior account manager do?

What should an anti-money laundering specialist recommend?

An account officer who maintains an excellent relationship with the finance manager for a correspondent bank
customer learns that many records for the correspondent bank have been requested by law enforcement. In the
interest of maintaining a good relationship with the customer, the account officer sets up a meeting to discuss
the legal request with the customer. The account officer intends to discuss points related to the investigation
during the meeting.
What should an anti-money laundering specialist recommend?


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