CAMS Exam Dumps | A long-term client of an insurance company makes changes to a policy that require payment of an additional

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Question 190/292

A long-term client of an insurance company makes changes to a policy that require payment of an additional lump sum. The amount payable is high, though within the client's means based on the KYC information collected. The payment is made via a company in another jurisdiction that is known to have lax AML controls.
Which indicator of suspicious activity is present?

A. The payment was made via a company that appears to be owned and controlled by the client being insured.

B. The payment was made via a company in a jurisdiction known to have lax AML controls.

C. A long-term client wants a change to a policy that is already in force.

D. The additional premium payable appears to be within the client's means based on the KYC information collected.

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