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Acams Exam CAMS Topic 2 Question 81 Discussion

Actual exam question for Acams's CAMS exam
Question #: 81
Topic #: 2
[All CAMS Questions]

During the course of work on behalf of a client, a lawyer participated in the movement of money. If the lawyer suspects an act of money laundering, which of the following should the lawyer do according to European Union Money Laundering Directives?

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Suggested Answer: C

by Louis at Aug 04, 2024, 08:06 AM

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Derick
1 months ago
Option B all the way! I mean, who wants to be the next Pablo Escobar's lawyer, am I right? Reporting suspicious activity is the only way to stay on the right side of the law. Unless, of course, you're into that whole 'money laundering' thing. In that case, I've got a great therapist to recommend!
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Hui
15 days ago
B: I agree, it's important to follow the law and report any suspicious behavior.
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Wava
23 days ago
A: Definitely! Reporting suspicious activity is crucial to prevent money laundering.
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Shawnee
1 months ago
Ah, the age-old dilemma of lawyer-client confidentiality versus legal obligations. I'd say B is the way to go, but I'd also have a really good lawyer on speed dial just in case the client gets, you know, 'upset'.
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Blair
1 months ago
I'm gonna have to go with B on this one. If I suspect money laundering, I have a duty to report it. Although, I do wonder if the client would be cool with that... Guess we'll find out!
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Makeda
1 months ago
I'd be tempted to go with D and maintain business confidentiality, but that would be a big risk. Better to just fess up and let the authorities handle it, even if it means losing the client.
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Laila
3 days ago
C) Inform the client of the intent to terminate services.
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German
22 days ago
B) Report the facts to the competent authorities.
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Rebbeca
1 months ago
A) Follow bank secrecy laws.
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Rosenda
2 months ago
Hmm, I think the correct answer is B. Reporting the suspicious activity to the authorities seems like the responsible thing to do, even if it goes against the client's wishes.
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Dana
27 days ago
That makes sense, we have to prioritize preventing money laundering.
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Owen
28 days ago
In this case, reporting to the authorities takes precedence over confidentiality.
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Devon
1 months ago
But what about client confidentiality? Shouldn't we follow that?
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Rosalind
1 months ago
I agree, it's important to report suspicious activity to the authorities.
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Juan
2 months ago
But what about business confidentiality laws? Shouldn't the lawyer also consider that?
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Elfriede
2 months ago
I agree with Glenna. It's important to follow the law and prevent money laundering.
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Glenna
2 months ago
I think the lawyer should report the facts to the competent authorities.
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