Exam CAMS Topic 2 Question 105 Discussion

Actual exam question for ACAMS's CAMS exam
Question #: 105
Topic #: 2

A client opens a bank account for a multi-level marketing company. The debits and credits of the account are numerous and very involved. Further, there are a lot of international transactions. Also, funds are being tunneled from the company to the client's personal account in another jurisdiction.
Which two steps should law enforcement take in investigating this matter? (Choose two.)

A. Determine who are the signatories on the account B. Ask the bank for the history of this multi-level marketing company C. Examine the flow of money from the company to the individual in an effort to determine if it is legitimate D. Examine possible Suspicious Activity Report information received from the local Financial Intelligence

Suggested Answer: A,C Vote an answer

Units
Explanation:
The correct answer is A and C. Law enforcement should determine who are the signatories on the account and examine the flow of money from the company to the individual in an effort to determine if it is legitimate. These steps would help to identify the source and destination of the funds, the purpose and nature of the transactions, and the possible involvement of money laundering or other financial crimes. Asking the bank for the history of the multi-level marketing company (B) may not be relevant or useful, as the company may have a legitimate business model or a false front. Examining possible Suspicious Activity Report information received from the local Financial Intelligence Units (D) may be helpful, but it is not a necessary step, as the bank may not have filed any reports or the reports may not contain sufficient information.
Reference:
ACAMS CAMS Certification Video Training Course1, Module 4: Conducting or Supporting the Investigation Process, Lesson 1: Investigating Techniques for Law Enforcement ACAMS CAMS Certification Study Guide2, Chapter 4: Conducting or Supporting the Investigation Process, Section 4.1: Investigating Techniques for Law Enforcement, pp. 125-126

by Norma at Aug 22, 2025, 09:10 PM

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