Discuss Acams CKYCA Exam Topic 3 Question 15

An alert is generated by a negative media search system that an existing client is accused of money laundering and is arrested. A KYC analyst assigned to investigate finds no records of a court order or subpoen

a. Which is the next action the analyst should take?

AClose the alert as the client has not yet been found guilty.

BCall the emergency police phone line and report the matter.

CEscalate the issue to a compliance officer for further action.

DContact and interview the client to ensure their innocence.

Suggested Answer: C

An arrest for alleged money laundering is a serious adverse media finding that must be escalated to the compliance officer for further assessment and potential action, regardless of whether there is a conviction.

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17 comments · newest first

Mozelle 1 month ago

Plus, we don’t want to miss any important details.

Elke 2 months ago

Exactly, we need to protect the firm.

Val 2 months ago

True, but we should have compliance involved first.

Hubert 2 months ago

D could work too. Directly talking to the client helps.

Cathrine 2 months ago

But we need to follow protocol. Can't ignore it.

Iluminada 2 months ago

Option A seems safe. No guilt yet, right?

Mozelle 2 months ago

I agree, escalating is crucial. We can't take chances.

Elke 3 months ago

I think option C is the best choice. Compliance needs to know.

Elenora 3 months ago

D sounds risky. What if the client is actually guilty?

Rodney 3 months ago

Closing the alert seems premature. Gotta investigate first!

Hubert 3 months ago

Wait, how can they arrest someone without a court order?

Billi 3 months ago

Definitely agree with C. Better safe than sorry!

Mariann 4 months ago

I think C is the best option here. Compliance needs to know.

Jeanice 4 months ago

I’m leaning towards option C as well, but I wonder if closing the alert could be justified since there’s no court order yet.

Leoma 4 months ago

I feel like contacting the client directly could be risky. What if they say something that implicates them further?

Jeannine 4 months ago

I remember a similar question where we had to decide whether to close an alert or escalate it. I think escalating is safer in this case.

Alfreda 4 months ago

I think the best option might be to escalate to a compliance officer, but I'm not entirely sure if that's the right step.

Acams CKYCA Exam - Topic 3 Question 15 Discussion