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?

AThe recent change in the timing of deposits and withdrawals in the account

BThe customer's work history and the amount of his monthly retirement check

CThe fact that the account holder is well known to the bank staff

DThe fact that the customer has lived in the area and has banked at this bank for 25 years

Show Suggested Answer

Suggested Answer: C

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

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Daren

4 months ago

The work history and retirement check amount are important too!

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Christiane

4 months ago

Not sure if being well-known should matter in this case.

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Steffanie

4 months ago

Wait, he’s been banking there for 25 years? That’s surprising!

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Alease

4 months ago

I agree, the timing of those deposits is super suspicious!

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Bettina

4 months ago

Definitely the change in deposit patterns is key here.

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Miesha

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

5 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

6 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

10 months 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

9 months ago

B) The customer's work history and the amount of his monthly retirement check

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Allene

9 months ago

C) The fact that the account holder is well known to the bank staff

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Meghan

10 months ago

A) The recent change in the timing of deposits and withdrawals in the account

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Brandon

11 months 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

9 months ago

C) The fact that the account holder is well known to the bank staff

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Shannan

10 months ago

B) The customer's work history and the amount of his monthly retirement check

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Isaac

10 months ago

A) The recent change in the timing of deposits and withdrawals in the account

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Jolanda

11 months 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

10 months ago

I think the customer's history with the bank should be included too.

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Ilona

11 months ago

A) The recent change in the timing of deposits and withdrawals in the account

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Evangelina

11 months 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

11 months 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

11 months 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

11 months 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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