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Acams CAMS Exam - Topic 2 Question 40 Discussion

According to the Basel Committee on Banking Supervision, banks should deal with high-risk customers by:
C) performing enhanced due diligence including enhanced ongoing monitoring of the account activity.
A) maintaining segregated records to enable easy inspection by law enforcement in case of a subpoena.
B) assigning those customers to specified private bankers for better monitoring of their offshore transactions.
D) seeking approval from the board of directors before establishing the relationship.

Acams CAMS Exam - Topic 2 Question 40 Discussion

Actual exam question for Acams's CAMS exam
Question #: 40
Topic #: 2
[All CAMS Questions]

According to the Basel Committee on Banking Supervision, banks should deal with high-risk customers by:

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Suggested Answer: C

by Beckie at May 04, 2022, 04:14 PM

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Malissa
9 months ago
Not sure if all banks actually follow these guidelines.
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Leanora
9 months ago
A is important too, but C covers more ground.
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Mila
9 months ago
Wait, do banks really have to do all that? Sounds intense.
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Dominque
10 months ago
Totally agree, enhanced due diligence is crucial!
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Truman
10 months ago
C is the right approach for high-risk customers.
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Eulah
10 months ago
This looks like a straightforward question on the goals of clustering. I think I can handle this - the key is to remember that clustering is an unsupervised technique, so the goal is not to maximize a utility function, but rather to find similarities in the data.
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Jesusa
10 months ago
This seems straightforward. I'm pretty confident I can figure out the one method that doesn't need to be overwritten if I just think it through logically.
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Kiley
10 months ago
I feel like I might be confusing EVPN Type with the types of routes seen in a different scenario. Did we cover an example like this?
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Joni
10 months ago
I'm a bit unsure, but I think using MST instead of STP could also help with scalability.
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Lorrine
10 months ago
I'm hesitant about option E; I wonder if integrations would be automatically restored or if we'd have to manually reconnect everything after the rollback.
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