CAMS Exam Question 631

What should a compliance officer do during an ongoing investigation into a client's activities by a competent authority?
  • CAMS Exam Question 632

    A compliance officer provides an overview of the bank's anti-money laundering program to a group of new tellers during employee orientation.
    Which training element should be delivered to this audience?
  • CAMS Exam Question 633

    A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes. The compliance officer immediately checks the official's account and new account the official opened at the bank a few weeks ago. The compliance officer's investigation of these accounts discloses that the official's long- standing account had no unusual activity and that the recently opened had no activity since it was opened.
    What should the compliance officer do next?
  • CAMS Exam Question 634

    Potential indicators of money laundering associated with Trust and Company Service Providers include:
    (Select Two.)
  • CAMS Exam Question 635

    The anti-money laundering specialist of a small bank has identified suspicious activity at a branch located in an area of town where drug dealers are known to operate. An investigation of this activity discloses that the suspicious transactions occurred within the last 3 months and were processed by the same teller (cashier). The teller (cashier) did not file an internal report of unusual activity on these transactions. When checking personnel files, the specialist finds that the teller (cashier) has been a trusted employee for over 15 years, has an impeccable work record, and has participated in several anti-money laundering training sessions. The specialist recently became aware that the employee's daughter has contracted a rare disease and is undergoing a very expensive treatment program. Regarding the teller's (cashier's) failure to report the unusual activity to the institution, the specialist should recommend