ACAMS AML Certifications CAMS-FCI Question # 25 Topic 3 Discussion
CAMS-FCI Exam Topic 3 Question 25 Discussion:
Question #: 25
Topic #: 3
A new customer has just been onboarded in a securities firm. After a few weeks, there are unusual trading patterns that are being flagged. Which pattern is most concerning to the compliance officer?
A.
The customer engages in large trading in securities that are liquid or highly priced from the trading account.
B.
The customer's repeated trading in securities that are low priced and low volume counters.
C.
The customer receives many incoming wire transfers from related parties to the trading account.
D.
The customer accumulates securities of a low volume counter in small increments on a weekly basis.
The most concerning trading pattern for a compliance officer when a new customer has been onboarded in a securities firm is the customer accumulating securities of a low volume counter in small increments on a weekly basis. This type of behavior could indicate that the customer is attempting to obscure their identity or the true purpose of their trading activity, which can be indicative of money laundering or other suspicious activity. (CAMS Manual, 6th Edition, Page 170).
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit