Acams Advanced-CAMS-Audit Exam - Topic 3 Question 12 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam

Question #: 12
Topic #: 3

Which should be evaluated when analyzing components of risk mitigation in an AML risk assessment? (Select Two.)

ALiquidity risk

BProduct risk

COverall customer volume

DOffice of Foreign Assets Control filtering

ECustomer risk
Product Risk: Certain products (e.g., high-value transfers, anonymous payment systems) inherently carry higher AML risks and require tailored risk mitigation measures.
Customer Risk: Understanding the risk profile of customers, including PEPs and high-net-worth individuals, is critical to assessing exposure and implementing risk-based approaches.
Both factors are core components in AML risk assessments, as highlighted in CAMS-Audit materials and FATF standards.

Show Suggested Answer

Suggested Answer: B, E

by Nan at Apr 06, 2025, 10:07 PM

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Joseph

3 months ago

Liquidity risk seems less important in this context.

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Theodora

3 months ago

Surprised that OFAC filtering isn't a top choice here!

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Tawny

3 months ago

Wait, are we sure about Customer volume being relevant?

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Nada

4 months ago

I agree, those are the key factors.

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Lashandra

4 months ago

Definitely Product risk and Customer risk!

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Arthur

4 months ago

I recall a similar question where we discussed the significance of OFAC filtering, but I think it’s more about customer and product risk in this context.

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Avery

4 months ago

I feel like liquidity risk might not be as relevant here. I think we should focus more on customer and product risks based on what we practiced.

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Eura

4 months ago

I'm not entirely sure, but I remember something about the importance of customer profiles in risk assessments. Maybe customer risk is one of the answers?

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Sanjuana

5 months ago

I think product risk and customer risk are definitely important to consider, especially since certain products can expose us to higher AML risks.

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Isadora

5 months ago

I'm a bit confused on this one. I know customer risk is important, but I'm not sure if overall customer volume is the right factor to consider. Maybe it's something more specific about the customer risk profile? I'll have to think this through carefully.

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Willetta

5 months ago

Okay, let's think this through. The question is asking about risk mitigation components in an AML assessment, so we'll want to focus on factors that directly impact the AML risk profile, like product characteristics and customer profiles. I'd go with B and E.

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Lavera

5 months ago

Hmm, I'm not entirely sure about this one. I know liquidity risk and OFAC filtering are important for AML, but I'm not confident those are the right answers here. I'll have to review the study materials again.

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Ryan

5 months ago

This is a straightforward question. Product risk and customer risk are two key components that should be evaluated in an AML risk assessment.

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Harrison

11 months ago

Haha, 'high-value transfers and anonymous payment systems' - sounds like a money launderer's dream! Gotta watch out for those risky products.

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Keith

10 months ago

Yeah, it's all about staying vigilant and implementing the necessary risk mitigation measures to prevent money laundering.

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Carmen

10 months ago

Absolutely, it's important to closely monitor any suspicious activity related to those types of transactions.

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Whitney

10 months ago

True, those high-risk products can definitely raise some red flags.

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Valene

11 months ago

Agreed, those two are key. OFAC filtering is also critical, but I guess that's more of a compliance piece than pure risk assessment.

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Reena

11 months ago

Product risk and customer risk are definitely the two most important factors to consider. You can't just look at overall volume, that's way too broad.

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