A bank is completing a periodic KYC profile review for a customer that is a...

ACAMS CAMS Question Answer

A bank is completing a periodic KYC profile review for a customer that is a small digital marketing company based in New York City.

Which of the following would be a red flag?

The account activity includes deposit activity into both savings and checking accounts

The account activity includes incoming funds transfers at irregular intervals from small businesses located in New York

The account activity includes deposits made in multiple branches around New York City into the same account.

The account activity includes frequent purchases of tickets to industry conferences and other events.

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