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An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier m the year. The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction. While the relationship manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering. The relationship manager is a friend of the anti-money laundering specialist. What should the anti-money laundering officer do first?
Correct Answer: A
Recent Comments (The most recent comments are at the top.)
UMMER FAROOK - Aug 09, 2024
answer is indeed C
ZW - Mar 16, 2022
i think ans should be C since the bank will need to investigate further on the funds first before able to make a decision to file STR
Recent Comments (The most recent comments are at the top.)
answer is indeed C
i think ans should be C since the bank will need to investigate further on the funds first before able to make a decision to file STR