The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding...

ACAMS CAMS Question Answer

The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the proper identification and basic information from these customers, what else should the anti-money laundering specialist recommend a financial institution do to check the background and conduct enhanced due diligence based on public information?

1. Determine if a client appears on the Basel Committee on Banking Supervision's list of public officials.

2. Investigate the source of funds.

3. Identify people and companies that are clearly related.

4. Identify a person fully, including their political history.

1, 2, and 3 only

1, 2, and 4 only

1, 3, and 4 only

2, 3, and 4 only