Acams Exam CAMS Topic 1 Question 30 Discussion

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

Question #: 30
Topic #: 1

[All Certified Anti-Money Laundering Specialist 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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