Acams Exam Advanced-CAMS-Audit 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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Harrison

3 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

2 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

2 months ago

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

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Whitney

3 months ago

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

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Valene

3 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

3 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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