CAMS Exam Dumps | A prospective client walks into an accounting firm wanting to incorporate a company. The accountant feels

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Question 371/374

A prospective client walks into an accounting firm wanting to incorporate a company. The accountant feels uncomfortable after the meeting. Which two of the accountant's observations warrant escalation to the compliance officer? (Select Two.)

A. The prospective client is unable to provide information about the beneficial owners.

B. The prospective client is able to provide source of funds and source of wealth documents.

C. The prospective client presents confusing details about the proposed business and has very little knowledge about the proposed business activity.

D. The principal activities of the proposed company are importing and exporting new furniture.

E. The prospective client exhibits confidence when speaking to the accountant when providing personal details.

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