Cams Exam Quesiton No 30

Question No 30:

An AML compliance officer was reviewing customers at XYZ Bank and one of the customers (Mr. Sam Tropicana) attracted her attention. Through a period of several months, cash deposits and withdrawals were transacted through his account with amounts ranging between
US $7,500 and US $17,000. In addition, Sam deposited two checks, issued by a casino into his account for US $32,000 each. When opening the account, Sam stated that he operated an import/export company. Which of the following additional items should arouse the suspicion of an anti-money laundering compliance officer the most?

A. Sam maintained a personal account as well as the business account.
B. Sam's home telephone number was disconnected last month.
C. Sam asked for a letter of credit to finance some imports from a new supplier.
D. Sam conducted large cash transactions for his import/ export business.

Answer: D