CAMS Exam Dumps | An anti-money laundering specialist has been hired by an independently-owned community bank to implement

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Question 156/374

An anti-money laundering specialist has been hired by an independently-owned community bank to implement an anti-money laundering compliance program. This bank has recently seen a dramatic increase in the number of international electronic fund transfers from its commercial clients. The first thing the anti-money laundering specialist should do is

A. file a suspicious transaction report on international customers receiving large electronic fund transfers.

B. conduct a risk assessment of the bank's international electronic fund transfer activity.

C. develop a new account questionnaire to quantify the level of risk for new international accounts.

D. close all accounts which have had a dramatic increase in international electronic fund transfer activity.

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