Acams Exam CAMS Topic 3 Question 84 Discussion

Actual exam question for Acams's CAMS exam

Question #: 84
Topic #: 3

[All CAMS Questions]

Which unusual or suspicious activity by a financial institution's (FI's) employee requires additional investigation and scrutiny?

AThe employee avoids taking periodic vacations despite having accrued vacation time.

BThe employee assists with transactions of a disclosed ultimate beneficiary.

CThe employee lives a lavish lifestyle within their means.

DThe employee is involved in a minimal number of unresolved exceptions.

Show Suggested Answer

Suggested Answer: C, E

by Cary at Sep 19, 2024, 02:23 PM

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Phil

1 months ago

Hmm, let me think. If the employee is taking their work home and sleeping under their desk, that's gotta be a sign of something, right? Just sayin'.

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Gearldine

1 months ago

D? Minimal exceptions? That's a good thing, isn't it? Sounds like this employee is doing their job well. What's the issue here?

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Leonor

1 months ago

C? Really? Living large on their paycheck? That's just good financial planning, not a problem at all. Lighten up, people!

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Kyoko

6 days ago

I agree, it could be a sign of potential financial misconduct or fraud.

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Benton

15 days ago

I think it's important to investigate any employee who is living beyond their means.

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2 months ago

Definitely option A. That employee is clearly trying to hide something by avoiding vacations. You gotta keep an eye on those suspicious types!

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Donte

1 months ago

Yeah, it's a red flag for sure. We should investigate further.

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Tamar

2 months ago

I agree, avoiding vacations is definitely suspicious.

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Lisandra

2 months ago

I agree with Willis. Assisting with transactions of a disclosed ultimate beneficiary could be a red flag for illegal activities.

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Willis

3 months ago

I think option B is suspicious because it could indicate potential money laundering.

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