Cams Exam Quesiton No 15

Question No 15:

A new customer approaches a bank to open a commercial account. The customer provides an address for the account located across the city from the branch. When asked by the account representative if the customer requires any additional banking services, the customer responds she is also interested in opening a personal investment account. The account representative refers the customer to their broker-dealer. The customer tells the firm representative she has never had a brokerage account before and has a few questions about how an investment account works. The customer asks how deposits can be made into her account, if there are any reporting requirements, and how to go about moving balances out of the account using wire transfers. No questions are asked about fees associated with these transactions. Which three items would be considered suspicious?

A. The customer asks many questions about the brokerage account, but none of them are related to investing.
B. The customer is opening a commercial account and at the same time a personal investment account.
C. The address of the account holder and the branch where the customer came to open the account are not close to each other.
D. That the customer appears unconcerned about the fees.

Answer: A, C, D