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Acams CAMS-FCI Exam - Topic 1 Question 10 Discussion

The training department is conducting awareness training for unusual customer identification scenarios. Which two indicators should be included? (Select Two.)
A) The customer opens the account in the name of a family member who begins making large deposits. and B) The customer's name and home address cannot be verified
C) The customer's internet protocol address does not match the identifying information provided during online registration.
D) The customer requests payment of proceeds to an unrelated third party.
E) The customer frequently exchanges small bills for large bills.

Acams CAMS-FCI Exam - Topic 1 Question 10 Discussion

Actual exam question for Acams's CAMS-FCI exam
Question #: 10
Topic #: 1
[All CAMS-FCI Questions]

The training department is conducting awareness training for unusual customer identification scenarios. Which two indicators should be included? (Select Two.)

Show Suggested Answer Hide Answer
Suggested Answer: A, B

This information can be found in the Certified Anti-Money Laundering Specialist (CAMS) study guide, 6th edition, under the section on Unusual Customer Identification Scenarios. The guide explains that two indicators that should be included in awareness training for unusual customer identification scenarios are:

A . The customer opens the account in the name of a family member who begins making large deposits.

This is an indicator of potential structuring, where a customer may be attempting to avoid triggering reporting thresholds by depositing funds in smaller amounts over time. It is important for staff to be aware of this scenario and to monitor accounts for potential suspicious activity.

B . The customer's name and home address cannot be verified.

This is an indicator of potential identity theft or other fraudulent activity. If a customer's identifying information cannot be verified, it is important for staff to conduct additional due diligence to ensure that the customer is legitimate and that the account is not being used for illicit purposes.


by Hillary at Jan 28, 2025, 03:28 PM

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William
8 months ago
A family member account? That’s surprising!
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Jill
8 months ago
B is a must, but I’m not sure about E.
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Roselle
8 months ago
Wait, can someone explain why D is a concern?
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Jacquline
9 months ago
I think C is more important than A.
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Carman
9 months ago
Definitely A and B, those are red flags.
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Elke
9 months ago
I recall that option D was mentioned in our training as a common indicator of unusual activity. So maybe B and D?
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Kelvin
9 months ago
I feel like C is definitely one of the answers since mismatched IP addresses can indicate fraud. But I'm torn between A and E for the second one.
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Sol
10 months ago
I'm not entirely sure, but I remember something about large deposits being suspicious. Maybe A and D?
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Carolynn
10 months ago
I think options B and C might be the right indicators. We discussed how unverified information can be a red flag in our last practice session.
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Jin
10 months ago
I've got a good strategy for this. I'll look for the indicators that suggest potential fraud or suspicious activity, like the unverified information and the request for payment to a third party.
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Herminia
10 months ago
I'm a bit confused by this question. There are a lot of options, and I'm not sure which two are the most important ones to focus on. I'll need to re-read the question and think it through carefully.
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Quinn
10 months ago
Okay, I think I've got this. The customer opening an account in someone else's name and the inability to verify the customer's information seem like the two key indicators to select.
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Ty
10 months ago
Hmm, I'm not sure which two indicators are the right ones. I'll need to carefully read through the options and think about which ones are most relevant.
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Kathryn
10 months ago
This question seems straightforward. I'll focus on the key indicators of unusual customer behavior.
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Lashawn
1 year ago
B and D make the most sense to me. Though I have to admit, the idea of someone trying to exchange small bills for large ones is kind of funny. Must be trying to pull off some sort of heist!
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Mitsue
1 year ago
Haha, yeah, the small bills for large bills exchange does sound suspicious!
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Rodrigo
1 year ago
B and D are definitely important indicators to watch out for.
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Loreta
1 year ago
If the customer's name and address cannot be verified, or if they request payment to a third party, it could be a red flag for money laundering.
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Dong
1 year ago
Why do you think so, Loreta?
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Loreta
1 year ago
I believe indicators B and D are more important to include.
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Jettie
1 year ago
Haha, I bet the person who wrote this question was trying to trick us with those weird bill exchange options (E). Nice try, but I'm sticking with B and D!
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Jerrod
1 year ago
Well, I think E is a red flag too, but I see your point about B.
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Ria
1 year ago
I'm not so sure about D, but B definitely stands out to me.
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Margot
1 year ago
I agree, those seem like the most suspicious scenarios.
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Winfred
1 year ago
I think B and D are the best indicators to include.
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Iola
1 year ago
I agree with you, Dong. Those indicators seem suspicious.
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Desiree
1 year ago
I agree with B and D. The IP address thing (C) seems a bit too technical for a general awareness training.
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Chanel
1 year ago
D) The customer requests payment of proceeds to an unrelated third party.
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Charlette
1 year ago
C) The customer's internet protocol address does not match the identifying information provided during online registration.
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Jamal
1 year ago
B) The customer's name and home address cannot be verified
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Magdalene
1 year ago
A) The customer opens the account in the name of a family member who begins making large deposits.
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Micaela
2 years ago
Definitely B and D. The other options are a bit too specific in my opinion. This is about general awareness, not detailed scenarios.
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Xuan
2 years ago
I think B and D are the correct indicators. Verifying customer identity and monitoring for suspicious fund transfers are key.
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Fernanda
1 year ago
I think D is a red flag too, suspicious fund transfers should definitely be monitored.
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Cruz
1 year ago
I agree, verifying customer identity is crucial.
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Ty
1 year ago
D) The customer requests payment of proceeds to an unrelated third party.
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Florinda
1 year ago
B) The customer's name and home address cannot be verified
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Dong
2 years ago
I think indicators A and C should be included.
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