CAMS Exam Dumps | A company contracts a life insurance policy with a savings feature of 100,000 USD for an individual in

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Question 83/292

A company contracts a life insurance policy with a savings feature of 100,000 USD for an individual in a high-risk country. The policy receives monthly cash deposits from unknown third parties. A minimal part of the deposit is invested and the rest is withdrawn by the end of the month. Which are the circumstances to consider as a risk for money laundering? (Select Two.)

A. The regular withdrawals from the policy by the end of the month

B. Unidentified third parties depositing cash to the policy

C. A company established in a high-risk country contracting a policy for a domestic individual

D. A policy for an amount of 100,000 USD is to be considered high and suspicious

E. A life insurance policy with a savings feature for a national from a high-risk country

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