Free Acams CKYCA Actual Exam Questions - Question 2 Discussion
increased to 8 million USD. When asked for the reason of the increase, the company claims that
business increased and refuses to give any further explanation despite several attempts at
requesting information. Which is the best next step?
Maybe A, as it keeps monitoring without rushing to report yet.
A. Makes sense to keep an eye on it if the high turnover keeps up. Jumping to a report now feels premature without more data or explanations.
C/D? Filing a suspicious activity report (C) seems too soon since we only have one year’s jump with no extra info. But just noting to check next year (D) might be risky if the turnover continues to spike and we miss catching something early. I’d say keep a closer record now, not just wait passively. The refusal to explain raises eyebrows, so waiting without any action feels off. Better to set some kind of alert or flag internally rather than just note it for next year.
A/D? A sounds right to keep an eye on things if the increase continues, but D also works since just noting for next year avoids overreacting now with no clear proof.
I get the logic behind A, but couldn’t B be worth a bit more effort first? If they’re not explaining now, maybe pushing a bit harder for details before just sitting on it or jumping to a report could clarify if it’s truly suspicious or just a one-off. Just writing it off to note check next year (D) seems like ignoring the red flags a bit too easily. What if that big jump is hiding something? Shouldn’t we try to get more info first?
Probably D. Since the company refuses to explain, just noting to check next year’s turnover keeps things simple without jumping to conclusions or reports too early.
Yeah, I’m with A as well. The sudden jump definitely looks sketchy, but without ongoing suspicious behavior or more info, jumping straight to filing a report feels premature. Noting to file if it continues gives a chance to gather more evidence and avoid false alarms. The refusal to explain is odd, but not enough on its own to trigger immediate reporting.
Maybe A, since the refusal raises flags but one year alone might not justify filing yet.
Maybe A, since immediate reporting seems too soon without more proof.
A seems best since the company refuses to explain. We can’t just ignore it but filing a report immediately might be premature without more evidence. Keeping an eye if the spike continues is reasonable.
Option A makes sense to monitor if the increase keeps going before reporting.
This feels like a red flag but jumping to a full report (C) right now might be too soon. I’d go with A to keep it on the radar if the trend continues. A
Maybe D makes more sense here. Since the company refused to explain, you can’t just ignore it, but filing a suspicious activity report right away (C) might be premature without more proof. Making a note to check next year’s turnover gives a chance to see if this is a one-off spike or part of a pattern before taking bigger steps. It’s a way to stay alert without jumping the gun.
I’m leaning towards A. Since the increase is huge and the company won’t explain, it makes sense to note it and keep an eye if it keeps going up before filing a report. Filing immediately (C) seems a bit early without more evidence. What do you guys think?