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Acams CAMS Exam - Topic 3 Question 58 Discussion

An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to unusual activity on the account. Which most likely triggered the review?
B) The account sends monthly donations to several charities that operate in the same communities as the accounting firm.
A) The account receives international payments that are substantially higher than other fees they typically receive.
C) The account receives several payments a day from multiple customers who operate in different industries.
D) The account receives international wires from companies in the Middle East where the accounting firm has several branches.

Acams CAMS Exam - Topic 3 Question 58 Discussion

Actual exam question for Acams's CAMS exam
Question #: 58
Topic #: 3
[All CAMS Questions]

An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to unusual activity on the account. Which most likely triggered the review?

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Suggested Answer: B

by Willow at Sep 17, 2022, 02:02 AM

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Leah
10 months ago
D makes sense if they have branches there, but still unusual!
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Viva
11 months ago
C could also be suspicious, too many payments from different sources.
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Melvin
11 months ago
Wait, why would donations trigger a review? That seems odd.
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Janey
11 months ago
Totally agree, international payments raise red flags!
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Omega
11 months ago
A seems like the most likely trigger.
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Venita
11 months ago
I'm leaning towards option D since international wires can often be scrutinized, especially if they come from regions with higher risk.
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Maile
11 months ago
I practiced a similar question where multiple payments from different sources caused concern. I wonder if option C could be the answer here too.
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Shalon
11 months ago
I think option A makes sense because receiving international payments that are much higher than usual could definitely raise red flags.
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Alayna
11 months ago
I remember studying that unusual transaction patterns can trigger reviews, but I'm not sure which option fits best here.
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Pura
12 months ago
Okay, I think the key here is that the attack is similar to a dictionary attack, but with some additional modifications. That makes me think it's a hybrid attack.
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Lorenza
12 months ago
I'm a bit confused by the wording of the question. What exactly are they looking for in terms of the "inspection and maintenance plans"? I'll need to re-read this carefully.
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Cathrine
12 months ago
This seems like a straightforward question about master data. I'll focus on identifying the two correct options that represent examples of master data.
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