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Acams CAMS Exam - Topic 2 Question 85 Discussion

A customer has held an account at a bank and has lived locally for over 25 years. Historically he has comeinto the bank monthly to deposit a $1,500 retirement check from the company where he worked. He is wellknown at the bank and often brings the staff cookies. Over the past four months, he has come into the bankevery Monday, Wednesday, and Thursday to make $3,000 cash deposits into his account. A review of hisaccount shows that an $8,500 check made out to cash clears his account each week. The bank has decidedto file a suspicious transaction report (STR).What is the important fact to include in the STR?
C) The fact that the account holder is well known to the bank staff
A) The recent change in the timing of deposits and withdrawals in the account
B) The customer's work history and the amount of his monthly retirement check
D) The fact that the customer has lived in the area and has banked at this bank for 25 years

Acams CAMS Exam - Topic 2 Question 85 Discussion

Actual exam question for Acams's CAMS exam
Question #: 85
Topic #: 2
[All CAMS Questions]

A customer has held an account at a bank and has lived locally for over 25 years. Historically he has come

into the bank monthly to deposit a $1,500 retirement check from the company where he worked. He is well

known at the bank and often brings the staff cookies. Over the past four months, he has come into the bank

every Monday, Wednesday, and Thursday to make $3,000 cash deposits into his account. A review of his

account shows that an $8,500 check made out to cash clears his account each week. The bank has decided

to file a suspicious transaction report (STR).

What is the important fact to include in the STR?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Fausto at Sep 18, 2024, 02:36 AM

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Daren
8 months ago
The work history and retirement check amount are important too!
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Christiane
8 months ago
Not sure if being well-known should matter in this case.
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Steffanie
8 months ago
Wait, he’s been banking there for 25 years? That’s surprising!
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Alease
9 months ago
I agree, the timing of those deposits is super suspicious!
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Bettina
9 months ago
Definitely the change in deposit patterns is key here.
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Miesha
9 months ago
I think the fact that he brings cookies and is well-known might not matter much in the STR. It seems more about the money flow, so I’m not sure option C is the right choice.
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Kanisha
9 months ago
I practiced a similar question where the focus was on transaction amounts. The increase to $3,000 deposits seems significant, so I lean towards option A again.
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Clare
10 months ago
I’m not entirely sure, but I feel like the customer’s long history with the bank could be relevant too. Maybe option D is important since it shows he’s not a typical risk?
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Tonja
10 months ago
I remember studying that sudden changes in transaction patterns can be a red flag for suspicious activity. So, I think option A might be the key fact to include in the STR.
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Viola
10 months ago
The customer's long-standing relationship and reputation with the bank staff shouldn't distract from the suspicious transaction patterns. That's the key detail.
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Justa
10 months ago
I think the recent cash deposits and weekly $8,500 withdrawals are the crucial facts here. That's a significant change from the previous routine.
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Gwenn
10 months ago
The recent changes in deposit and withdrawal patterns seem like the most important thing to highlight. That's a clear red flag.
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Blossom
10 months ago
This seems like a tricky one. I'll need to carefully review the details to identify the key fact to include in the STR.
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Elena
10 months ago
I'm a bit confused - the customer seems to have a long history with the bank and is well-known. Does that matter less than the recent activity changes?
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Fallon
10 months ago
Okay, I remember that IPSec Tunnel mode has two sets of IP headers, so option C is true. I'll mark that one as the answer.
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Darnell
1 year ago
Wait, did you say the customer brings the staff cookies? That's the real issue here. Clearly, he's trying to bribe them. That's the juiciest detail to include!
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Cherilyn
1 year ago
B) The customer's work history and the amount of his monthly retirement check
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Allene
1 year ago
C) The fact that the account holder is well known to the bank staff
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Meghan
1 year ago
A) The recent change in the timing of deposits and withdrawals in the account
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Brandon
1 year ago
Hmm, I'm not sure. The long-standing relationship with the bank and the consistent monthly retirement check seem like important context. I'd include that too.
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Elfriede
1 year ago
C) The fact that the account holder is well known to the bank staff
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Shannan
1 year ago
B) The customer's work history and the amount of his monthly retirement check
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Isaac
1 year ago
A) The recent change in the timing of deposits and withdrawals in the account
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Jolanda
1 year ago
I don't know, the customer's history with the bank and the fact that he's well-known seems pretty relevant too. Maybe they should include that as well.
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Carlene
1 year ago
I think the customer's history with the bank should be included too.
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Ilona
1 year ago
A) The recent change in the timing of deposits and withdrawals in the account
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Evangelina
1 year ago
But shouldn't we also mention the customer's work history and the amount of his monthly retirement check? That could provide more context for the transactions.
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Veda
1 year ago
I agree with Glory. The sudden increase in cash deposits and the large weekly check made out to cash are definitely suspicious.
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Glory
1 year ago
I think the important fact to include in the STR is the recent change in the timing of deposits and withdrawals.
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Lynelle
1 year ago
The recent change in the timing and amount of the deposits and withdrawals is definitely the most important fact to include. That's a clear red flag for suspicious activity.
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Velda
1 year ago
D: True, but the change in behavior is a big red flag for sure.
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Roxane
1 year ago
C: The customer's work history and the amount of his monthly retirement check should also be noted.
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Carey
1 year ago
B: Yeah, that sudden increase in cash deposits and withdrawals is definitely suspicious.
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Jerry
1 year ago
A: The recent change in the timing of deposits and withdrawals in the account.
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