Exam CAMS7 Topic 1 Question 270 Discussion
Actual exam question for ACAMS's CAMS7 exam
Question #: 270
Topic #: 1
Question #: 270
Topic #: 1
A financial institution's transaction monitoring system flags an unusually high volume of international wire transfers originating from a small business account. The transfers are being sent to multiple jurisdictions known for limited regulatory oversight. Additionally, an employee reports suspicious behavior from the account holder during an in-person visit, where they requested a large cash withdrawal without providing a clear business justification. As part of the investigation, the compliance team must assess whether this activity is suspicious and determine the appropriate next steps.
Which of the following steps should be taken first in the investigation process to properly gather information and assess whether the transactions are suspicious?
Which of the following steps should be taken first in the investigation process to properly gather information and assess whether the transactions are suspicious?
Suggested Answer: A Vote an answer
* A: The first step in any suspicious activity investigation is to review the transaction history and other relevant account information to establish context, identify patterns, and determine if the behavior is consistent with known typologies of money laundering.
* "The initial phase of an AML investigation is to review relevant account information and transaction activity to assess whether a SAR filing is warranted."
* This approach ensures that any subsequent decisions, such as escalation, SAR filing, or customer outreach, are based on a comprehensive understanding of the facts.
References:
CAMS 6th Edition, Suspicious Activity Monitoring and Investigation
FFIEC BSA/AML Manual, Suspicious Activity Reporting
* "The initial phase of an AML investigation is to review relevant account information and transaction activity to assess whether a SAR filing is warranted."
* This approach ensures that any subsequent decisions, such as escalation, SAR filing, or customer outreach, are based on a comprehensive understanding of the facts.
References:
CAMS 6th Edition, Suspicious Activity Monitoring and Investigation
FFIEC BSA/AML Manual, Suspicious Activity Reporting
by Ives at Jan 17, 2026, 03:43 AM
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