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Acams CAMS Exam - Topic 1 Question 4 Discussion

The Wolfsberg Principles for Private Banking list circumstances that would require additional due diligence, including activities that involve which three of these choices?
B) High Risk Countries, including those identified by credible sources as having inadequate Anti-Money Laundering standards and C) igh Risk activities, involving clients and beneficial owners whose source of wealth originates from activities known to be vulnerable to money laundering and D) Public officials, including those individuals who have or had positions of public trust
A) Foreign jurisdictions

Acams CAMS Exam - Topic 1 Question 4 Discussion

Actual exam question for Acams's CAMS exam
Question #: 4
Topic #: 1
[All CAMS Questions]

The Wolfsberg Principles for Private Banking list circumstances that would require additional due diligence, including activities that involve which three of these choices?

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Suggested Answer: B, C, D

by Shawnda at May 08, 2022, 04:41 AM

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Nicolette
11 months ago
Totally agree with A and B, but C seems a stretch.
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Rasheeda
11 months ago
Sounds a bit extreme, but I guess it makes sense.
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Billy
11 months ago
Wait, are we really considering public officials as high risk?
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Pilar
11 months ago
I think C is also super important.
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Britt
11 months ago
Definitely A, B, and D!
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Diego
12 months ago
This seems like a tricky one. I'll need to carefully review the details about the configured item and the buying rules to determine the best approach.
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Tish
12 months ago
I'm confident the answer is C, universities. They don't typically handle the kind of protected health information that HIPAA is designed to safeguard. Gotta remember that HIPAA is specifically for the healthcare industry.
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Gaynell
12 months ago
Hmm, this looks like a tricky one. I'll need to carefully follow the steps to create the thin-provisioned filesystem and mount it correctly.
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Brianne
12 months ago
I think the answer might be data normalization, but I'm not 100% sure about that. We went over it in class last week.
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Kristine
12 months ago
I recall that using a CDS could provide a good hedge against default risk, but I'm not sure how that fits with Jacobs's overall strategy.
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Nickolas
12 months ago
Synapse SQL pool seems like the most logical choice here. That's the component that allows you to run analytical queries against data sources, including Cosmos DB.
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