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Acams CAMS Exam - Topic 2 Question 19 Discussion

Which three circumstances are indicators for defining a customer as required additional diligence according to the Wolfsberg Principles on Private Banking? Choose 3 answers
A) Persons residing in a having funds from countries with inadequate AML standards and B) Persons engaged in business activities known to be susceptible to money laundering and C) Persons who receive funds from a correspondent banking relationship
D) Persons determined to be Politically Exposed Persons (PEPs)

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

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Suggested Answer: A, B, C

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

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Adelina
11 months ago
100% agree with A, B, and D!
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Gilma
11 months ago
Wait, are we sure about these? Seems a bit off.
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Lauran
11 months ago
A and D are obvious, but B? Really?
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Bobbie
11 months ago
I thought C was a big one too, but I guess not.
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Adell
11 months ago
Definitely A, B, and D!
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Rebbecca
12 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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Vanda
12 months ago
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
12 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
12 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
12 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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