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Acams CAMS Exam - Topic 1 Question 16 Discussion

Actual exam question for Acams's CAMS exam

Question #: 16
Topic #: 1

[All CAMS Questions]

In general, what is an element that a financial institution or business does not have to specifically address in an anti-money laundering program?

AA system of internal policies, procedures and controls

BA designated compliance officer with day-to-day oversight over the AML program

CAn ongoing employee training program

DA description of its OFAC program to address government watch list screening

Show Suggested Answer

Suggested Answer: D

by Kasandra at May 06, 2022, 12:10 AM

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Deane

9 months ago

D is often overlooked, but it should still be addressed!

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Jenise

9 months ago

A, B, and C are definitely essential.

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Malissa

9 months ago

Wait, are you sure about that? I thought OFAC was crucial!

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Katy

10 months ago

Totally agree, D isn't a must-have.

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Jackie

10 months ago

D seems like the odd one out.

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Annice

10 months ago

I'm a bit confused here. The question mentions stories and myths, organizational paradigm and values, and symbols as well. I'm not sure which one of these aspects would be impacted by the auditors' recommendation. I'll need to think this through carefully.

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Ula

10 months ago

I'm pretty sure this is about what's NOT required in an AML program. So I'm looking for something that seems optional.

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