Acams CAMS Exam - Topic 2 Question 19 Discussion

Actual exam question for Acams's CAMS exam

Question #: 19
Topic #: 2

[All CAMS Questions]

Which three circumstances are indicators for defining a customer as required additional diligence according to the Wolfsberg Principles on Private Banking? Choose 3 answers

APersons residing in a having funds from countries with inadequate AML standards

BPersons engaged in business activities known to be susceptible to money laundering

CPersons who receive funds from a correspondent banking relationship

DPersons determined to be Politically Exposed Persons (PEPs)

Show Suggested Answer

Suggested Answer: A, B, C

by Gertude at May 07, 2022, 02:58 AM

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6 months ago

This looks like a straightforward multiple-choice question. I'll carefully read through the options and try to recall what I know about the Standard Edition Security Expert Service.

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I'm a bit stumped on this one. The options all seem plausible, and I'm not sure which one is the best answer. I'll need to review my notes on SAS security and administration to see if I can figure this out.

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Richelle

6 months ago

I feel like option C is likely wrong because I've seen examples where private citizens do have some rights regarding misdemeanors.

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Cory

6 months ago

I'm a bit unsure about which entries to choose. The payment to Mr. Tan seems important, but I'm not confident about the numbering of the adjustments.

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Rashad

6 months ago

Okay, let's see. I'm pretty confident that the correct answer is B - all Scrum Teams work from a common Product Backlog and integrate their work every sprint. That seems like the most collaborative and streamlined approach.

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Acams CAMS Exam - Topic 2 Question 19 Discussion

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