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Acams CAMS Exam - Topic 2 Question 57 Discussion

Which is a key aspect in the FATF Recommendations that best describes the essential foundation for allocating resources in AML/CFT regimes for countries and financial institutions (FIs)?
D) Applying a risk-based approach
A) Implementing targeted financial sanctions
B) Performing country peer-to-peer evaluations
C) Enforcing mutual legal assistance

Acams CAMS Exam - Topic 2 Question 57 Discussion

Actual exam question for Acams's CAMS exam
Question #: 57
Topic #: 2
[All CAMS Questions]

Which is a key aspect in the FATF Recommendations that best describes the essential foundation for allocating resources in AML/CFT regimes for countries and financial institutions (FIs)?

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Suggested Answer: D

by Lonny at Aug 18, 2022, 09:04 AM

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Albert
10 months ago
Country evaluations help, but they aren't the key aspect.
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Shenika
11 months ago
Wait, are we sure a risk-based approach is the best?
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Nathalie
11 months ago
Mutual legal assistance is important, but not the foundation.
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Cathrine
11 months ago
I think targeted financial sanctions are more effective.
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Matthew
11 months ago
Definitely a risk-based approach! It's crucial.
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Deeanna
11 months ago
I definitely think the risk-based approach is key, especially since it helps prioritize resources effectively in AML/CFT efforts.
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Clarinda
11 months ago
The mutual legal assistance seems relevant, but I can't recall how it ties into resource allocation specifically.
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Lenny
11 months ago
I remember practicing a question about targeted financial sanctions, but I feel like that might not cover the whole foundation aspect.
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Tyisha
11 months ago
I think the risk-based approach is really important, but I'm not entirely sure if it's the best answer here.
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Artie
12 months ago
Okay, I think I've got this. I just need to find the contribution per unit for each product and then order them from highest to lowest. Shouldn't be too tricky as long as I don't make any silly mistakes in my calculations.
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Gianna
12 months ago
This question seems straightforward, I just need to carefully read the details and think through the changes described.
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Magnolia
12 months ago
For this type of question, I usually try to think through each option and consider how it could impact access to a system or resource. That helps me identify the access-oriented threats more reliably.
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Marva
12 months ago
Okay, I've got it. The key here is to find a way to reduce the time it takes for new instances to become available. Reducing the scaling thresholds might work, but it's not the best solution. I think option D is the way to go - using EC2 Image Builder to create a pre-configured AMI should definitely help speed things up.
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