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Acams CAMS Exam - Topic 3 Question 60 Discussion

Actual exam question for Acams's CAMS exam
Question #: 60
Topic #: 3
[All CAMS Questions]

An EU Trust and Company Service Provider (TCSP) analyst notices some unusual activity while looking through a customer's financial statements and detailed general ledger. The customer is in the business of importing and exporting machineries. Which transaction indicator warrants further escalation to the compliance officer?

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Suggested Answer: C

by Jeanice at Oct 28, 2022, 03:33 AM

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Crista
6 months ago
Surprised that virtual office payments (B) aren't more concerning!
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Allene
6 months ago
D seems odd too, why pay secretarial fees to a foreign company?
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Vallie
6 months ago
Really? I thought inter-company loans were common in this industry.
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Jolene
6 months ago
I agree, C definitely raises red flags!
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Louann
7 months ago
Option C looks suspicious, especially with unrelated companies involved.
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Elmer
7 months ago
I practiced a similar question where payments to foreign companies were flagged for potential tax evasion. I think that might apply here as well.
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Celestina
7 months ago
The virtual office services overseas seem suspicious too, but I feel like the consultancy fees might be more concerning given the lack of connection to the business.
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Lauran
7 months ago
I'm not entirely sure, but I think inter-company loans can sometimes be legitimate, but they might also be used to disguise other activities.
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Jenise
7 months ago
I remember we discussed how payments to unrelated companies in foreign jurisdictions can be red flags, especially if they seem excessive or unnecessary.
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Zita
7 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the purpose of an RBI effort and what the key deliverables should be.
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Gail
7 months ago
Okay, I've seen this type of question before. I believe the key is understanding how the Intermediate Pod Network (IPN) is used to forward broadcast traffic across pods. I think option B is the correct answer, but I'll double-check the details to be sure.
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Alethea
7 months ago
The hash value is throwing me off a bit. I'm not sure if that's a relevant indicator or not. I'll have to think about that one.
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Merissa
7 months ago
I think balancing charges definitely increase taxable profit, but I'm confused about how balancing allowances fit into that.
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Cordelia
7 months ago
Based on my understanding, ERISA is focused on regulating and overseeing employee benefit plans to protect the participants. So I'm going to go with option A as the best answer.
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