Discuss Acams CAMS-FCI Exam Topic 3 Question 34

A compliance analyst is reviewing the account activity of a customer that they suspect may be indicative of money laundering activity. Which is difficult to determine solely from the customer's account activity and KYC file?

AIf the activity is materially different from related businesses

BIf the account has multiple transfers to the same, related businesses

CIf there is negative media associated with counterparties

DIf the account is mostly dormant or has little activity

Suggested Answer: C

According to the Certified Anti-Money Laundering Specialist (CAMS) study guide, 6th edition, page 105, the correct answer is C. It can be difficult to determine if there is negative media associated with counterparties solely from the customer's account activity and KYC file.

The study guide explains that negative media can include news articles, government sanctions lists, and other sources of public information that may indicate that a counterparty is involved in illicit activities. However, this information may not be readily available in a customer's account activity or KYC file, and may require additional research or investigation.

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16 comments · newest first

Theron 3 days ago

Tough question! I think it's C.

Chauncey 8 days ago

But C really needs context. Media can change perceptions.

Rosamond 13 days ago

D feels obvious. Dormant accounts are easy to spot.

Denae 18 days ago

B is also tough. Related businesses can be misleading.

Herman 23 days ago

I lean towards A. Different activity is subjective.

Jovita 29 days ago

Agreed, C seems tricky. Media can be outdated.

Veronica 1 month ago

I think it's C. Negative media is hard to track.

Kayleigh 1 month ago

D is also tricky, could just be a quiet business.

Corrinne 1 month ago

B seems pretty clear-cut to me.

Winfred 2 months ago

Wait, how can you not tell if there's negative media?

Lillian 2 months ago

Totally agree, you can't see the whole picture!

Murray 2 months ago

A is tough to gauge just from account activity.

William 2 months ago

I think B is definitely something we can see from account activity, so it can't be the answer. I'm leaning towards C as well.

Wayne 2 months ago

I feel like D could also be tricky since a dormant account might not show clear signs of money laundering, but I’m not confident about that.

Corinne 3 months ago

I remember a practice question that was similar to this, and it focused on the differences in business activity. Maybe A is the right choice?

Fletcher 3 months ago

I think the answer might be C, but I'm not entirely sure how negative media would be determined just from account activity.

Acams CAMS-FCI Exam - Topic 3 Question 34 Discussion