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ACAMS AML CKYCA Question # 4 Topic 1 Discussion

CKYCA Exam Topic 1 Question 4 Discussion:
Question #: 4
Topic #: 1

A KYC analyst notices frequent use of letters of credit as a method of trade finance. It further appears that trades covered by letters of credit are not consistent with the customer’s usual business. What should be the next action taken by the KYC analyst?
A.

Notify the Board of Directors and obtain the Board's approval for filing a STR.

B.

Refer internally for a potential suspicious transaction report

C.

Establish internally the existence of a criminal violation.

D.

Prepare to close the customer’s account.

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Actual exam question for ACAMS CKYCA exam by Onyx5276 at Sep 8, 2025, 7:58:28 PM

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