Acams CAMS Exam - Topic 1 Question 30 Discussion

Actual exam question for Acams's CAMS exam

Question #: 30
Topic #: 1

[All CAMS Questions]

A compliance officer is looking to update an institution's private bank procedures. What should be included as recommended by the Wolfsberg AML Principles on Private Banking?

AApproval of Politically Exposed Persons (PEPs) by at least one person other than the relationship manager

BDedicated automated AML monitoring of client activity

CReview of client files annually if there are unusual transactions

DThe institution's senior management has primary responsibility for the relationship

Show Suggested Answer

Suggested Answer: A

by Lettie at May 09, 2022, 10:17 AM

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5 months ago

Definitely need PEP approval from someone else!

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Convertible Reserved Instances seem like the way to go. They allow you to change instance types within the same family, which meets the requirement, and they're generally more cost-effective than On-Demand.

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Stacey

6 months ago

This seems like a tricky question. I'll need to carefully consider the requirements and think through the different options.

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Veronique

6 months ago

I think VXLAN is the best option here. It's a widely adopted standard for network virtualization and can handle multiple payload types.

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Teddy

6 months ago

I'm not sure, honestly. Last week, I mixed up the flash drive arrays with memory categories. I hope this isn't one of those trick questions!

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Acams CAMS Exam - Topic 1 Question 30 Discussion

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