Acams Question No 18

Question No 18:

Tom works as a compliance officer at ABC bank. He is looking at the transactions of one of the bank's customers, Mr. Brown. Mr. Brown is the owner of a check cashing company which performs only check cashing services. Over the last six months, Mr. Brown has not made withdrawals of cash against check deposits. He also deposited two checks for US$2,000 each that were issued by a casino. When checking the KYC file, Tom sees that, when opening the account, Mr. Brown had requested detailed information about fees and commissions that are charged by the bank. What would arouse your suspicion the most? That Mr. Brown:

A. Deposited checks from casinos
B. Did not make withdrawals of cash against check deposits
C. Showed uncommon curiosity about commissions and fees charged
D. Does not have an escrow account

Answer: B