CAMS Exam Dumps | A bank located in Arizona is considering a loan application for a new client. The collateral for the

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Question 90/304

A bank located in Arizona is considering a loan application for a new client. The collateral for the loan is a property in Florida.
The loan will be in the name of a limited company (LLC) whose ownership is not disclosed to the bank. The LLC was established by a New York-based attorney.
The loan will be repaid by the LLC in monthly wire transfers of $9,000 which is more than the required monthly payment.
Which aspect indicates potential for money laundering?

A. The LLC's ownership is not disclosed to the bank

B. The collateral, a property in Florida, is not located in Arizona

C. The repayment in the amount of $9,000 indicates potential structuring

D. The attorney associated with the account is outside the bank's lending area

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