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Acams CAMS Exam - Topic 1 Question 25 Discussion

When and how should an institution appraise the AML risk of a newly developed product?Choose 3 answers
A) The institution should request the Compliance Officier to review and evaluate the AML risk prior to the product going live and B) The institution should roll the product out on a preliminary basis to determine what risks develop with regard to the product and D) The institution should evaluated where, how and to what extent the product is going to be used
C) The institution should review previous administrative actions to determine if the product has created problems for other institutions

Acams CAMS Exam - Topic 1 Question 25 Discussion

Actual exam question for Acams's CAMS exam
Question #: 25
Topic #: 1
[All CAMS Questions]

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

Choose 3 answers

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Suggested Answer: A, B, D

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

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Stephen
11 months ago
Wait, how can we trust past actions? Things change, right?
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Isabella
11 months ago
D is super important too! Knowing the usage context is crucial.
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Chun
11 months ago
C makes sense. Learning from others' mistakes is key!
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Ruthann
11 months ago
I think B is a bit risky. Testing on the fly could lead to issues.
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Basilia
11 months ago
Definitely A! Compliance should always be involved before launch.
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Krissy
12 months ago
Hmm, I'm not totally sure about the intestate distribution rules here. I'll have to think it through carefully.
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Nickole
12 months ago
I think A, C, and D look like strong choices - involving compliance, checking past issues, and assessing potential usage.
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