Acams Exam CAMS Topic 2 Question 81 Discussion

Actual exam question for Acams's CAMS exam

Question #: 81
Topic #: 2

[All CAMS Questions]

During the course of work on behalf of a client, a lawyer participated in the movement of money. If the lawyer suspects an act of money laundering, which of the following should the lawyer do according to European Union Money Laundering Directives?

AFollow bank secrecy laws.

BReport the facts to the competent authorities.

CInform the client of the intent to terminate services.

DAdhere to business confidentiality laws.

Show Suggested Answer

Suggested Answer: C

by Louis at Aug 04, 2024, 08:06 AM

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Makeda

6 days ago

I'd be tempted to go with D and maintain business confidentiality, but that would be a big risk. Better to just fess up and let the authorities handle it, even if it means losing the client.

upvoted 0 times

...

Rosenda

17 days ago

Hmm, I think the correct answer is B. Reporting the suspicious activity to the authorities seems like the responsible thing to do, even if it goes against the client's wishes.

upvoted 0 times

...