Acams Exam CAMS Topic 1 Question 25 Discussion

Actual exam question for Acams's Certified Anti-Money Laundering Specialist exam

Question #: 25
Topic #: 1

When and how should an institution appraise the AML risk of a newly developed product?

Choose 3 answers

AThe institution should request the Compliance Officier to review and evaluate the AML risk prior to the product going live

BThe institution should roll the product out on a preliminary basis to determine what risks develop with regard to the product

CThe institution should review previous administrative actions to determine if the product has created problems for other institutions

DThe institution should evaluated where, how and to what extent the product is going to be used

Show Suggested Answer

Suggested Answer: A, B, D

by Mitsue at May 06, 2022, 05:07 AM

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