CAMS Exam Dumps | A director of a financial institution was convicted of laundering money as part of a Ponzi scheme and

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Question 326/374

A director of a financial institution was convicted of laundering money as part of a Ponzi scheme and terminated. As a result of an internal investigation evidence proved that an employee assisted in the illegal activity.
Which action should the institution take?

A. Discipline the employee with no further action

B. Discipline the employee and inform local authorities

C. Since the employee was not charged, no further action is required

D. Require all employees to complete additional anti-money laundering training

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