Acams CAMS Exam - Topic 1 Question 28 Discussion

Actual exam question for Acams's CAMS exam

Question #: 28
Topic #: 1

[All CAMS Questions]

What poses the greatest money laundering risk for a financial institution offering on-line services to customers?

AThere is a greater difficulty in matching the customer with the procided identification documentation

BThere is a lack of human review of the customer's transactions

CInstitutions offering on-line services have no possibility to properly verigy the identity of their customers

DCustomers have direct access to their accounts without being detected

Show Suggested Answer

Suggested Answer: A

by Elvera at May 06, 2022, 04:21 PM

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5 months ago

Definitely B, no human review means higher risk.

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Wait, I'm confused. If all the answer choices are correct, then shouldn't I select D? But the question also says to select the one correct answer choice. I'm not sure how to approach this, I might need to re-read the question a few times.

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Avery

6 months ago

I'm a bit confused by the wording of the question. I'll need to re-read it a few times to make sure I'm understanding it correctly before answering.

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Cora

6 months ago

This seems like a straightforward question about segment reporting requirements. I'll need to carefully review the criteria to determine which one YIV should use.

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Leah

6 months ago

I feel like ocean freight is generally cheaper, but I can't see it being ideal for high-value goods. Air must be the way to go!

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Acams CAMS Exam - Topic 1 Question 28 Discussion

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