Free CAMS Exam Question 1
A customer runs an export business for agricultural products. There has been steady growth over the years from sales to the Caribbean region. A sudden increase is noted in this customer's account balances during the last month. On what grounds should an anti-money laundering specialist prepare a suspicious transaction report?
A. The increased activity is due to money order deposits.
B. Wire transfers are coming from a Financial Action Task Force member country.
C. The client changed his address without advising the institution.
D. Travelers checks (cheques) were purchased for trips to a Non-Cooperative Countries and Territories.