An audit completed the previous week revealed that a private banking customer submitted incomplete documents...

Vendor: ACAMS
Product: CAMS
Update on: Nov 2, 2025
Questions: 313

ACAMS CAMS Question Answer

An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier in the year. The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction.

While the Relationship Manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering.

The Relationship Manager is a friend of the anti-money laundering specialist. Which of the following should the anti-money laundering officer do first?

File a suspicious transaction report with the competent authority.

Investigate the transfer of funds.

Suspend the transfer until the relationship manager returns.

Postpone the follow-up on the audit finding.