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Question 306

Which unusual or suspicious activity by a financial institution's (FI's) employee requires additional
investigation and scrutiny?

  • A. The employee avoids taking periodic vacations despite having accrued vacation time. Most Votes
  • B. The employee assists with transactions of a disclosed ultimate beneficiary.
  • C. The employee lives a lavish lifestyle within their means.
  • D. The employee is involved in a minimal number of unresolved exceptions.
Answer:

B


User Votes:
A 30 votes
50%
B 3 votes
50%
C 6 votes
50%
D 3 votes
50%
Discussions
0 / 1000
amarillys
1 year, 4 months ago

the correct answer is A

SemaArcag
11 months, 4 weeks ago

A. The employee avoids taking periodic vacations despite having accrued vacation time.

Unusual or suspicious activity by a financial institution's (FI's) employee that requires additional investigation and scrutiny includes scenarios where the employee avoids taking periodic vacations despite having accrued vacation time (Option A). This behavior may be indicative of an attempt to prevent someone else from discovering irregularities or fraudulent activities during their absence. Regular vacations provide an opportunity for others to step in and review the employee's responsibilities, ensuring a checks-and-balances system.

talk2preet
5 months, 4 weeks ago

correct answer is A, Refre page 342 of study guide

aseel
3 months, 3 weeks ago

A. The employee avoids taking periodic vacations despite having accrued vacation time.