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

Which should be evaluated when analyzing components of risk mitigation in an AML risk assessment? (Select Two.)
B) Product risk and E) Customer 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.
A) Liquidity risk
C) Overall customer volume
D) Office of Foreign Assets Control filtering

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

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 12
Topic #: 3
[All Advanced-CAMS-Audit Questions]

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

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Suggested Answer: B, E

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

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Joseph
9 months ago
Liquidity risk seems less important in this context.
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Theodora
9 months ago
Surprised that OFAC filtering isn't a top choice here!
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Tawny
9 months ago
Wait, are we sure about Customer volume being relevant?
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Nada
10 months ago
I agree, those are the key factors.
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Lashandra
10 months ago
Definitely Product risk and Customer risk!
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Arthur
10 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
10 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
11 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
11 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
11 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
11 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
11 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
11 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
1 year 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
1 year ago
Yeah, it's all about staying vigilant and implementing the necessary risk mitigation measures to prevent money laundering.
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Carmen
1 year ago
Absolutely, it's important to closely monitor any suspicious activity related to those types of transactions.
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Whitney
1 year ago
True, those high-risk products can definitely raise some red flags.
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Valene
1 year 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
1 year 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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Arlette
1 year ago
Yes, Product risk and Customer risk are key components in mitigating AML risks.
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Kattie
1 year ago
I agree, those factors are crucial in AML risk assessments.
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Dorothy
1 year ago
I think Product risk and Customer risk should be evaluated.
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