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Pass HMJ-1216 Exam Cram

Exam Code: HMJ-1216

Exam Name: Job Management Partner 1 Certified Professional Backup Management (V12)

Version: V15.35

Q & A: 208 Questions and Answers

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The anti-money laundering compliance officer for a small money transmitter has several agent locations in the same geographic area in the United States. The customers are immigrants from Country A and the majority of the funds are remitted to Country A.
In a meeting with one of the agents, it is recently discovered that two new customers have been coming in three times a week and sending funds to the same recipient in Country B.
Each cash transaction always totals exactly $8,000.
What should alert the agent to possible money laundering activity by the two customers?
A. They remit funds to the same person
B. It is unusual for customers to remit to Country B
C. They have been coming in three times a week
D. Each of their transactions is just below the cash reporting threshold
Answer: A

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