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Acams CAMS Exam - Topic 1 Question 28 Discussion

What poses the greatest money laundering risk for a financial institution offering on-line services to customers?
A) There is a greater difficulty in matching the customer with the procided identification documentation
B) There is a lack of human review of the customer's transactions
C) Institutions offering on-line services have no possibility to properly verigy the identity of their customers
D) Customers have direct access to their accounts without being detected

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?

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Suggested Answer: A

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

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Myrtie
9 months ago
Totally agree with B, automated systems can miss a lot!
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Mignon
9 months ago
Wait, are we really saying D is a major risk? Seems exaggerated.
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Adell
9 months ago
A seems valid, matching ID can be tricky.
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Julianna
10 months ago
I think C is a big issue too, identity verification is tough online.
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Dyan
10 months ago
Definitely B, no human review means higher risk.
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Carole
10 months ago
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
10 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
10 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
10 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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