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Acams Exam CAMS Topic 2 Question 75 Discussion

Actual exam question for Acams's CAMS exam
Question #: 75
Topic #: 2
[All CAMS Questions]

What should a bank do if it suspects one of its employees may be involved in mortgage loan fraud?

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Suggested Answer: A, D

by Bulah at May 18, 2024, 10:31 AM

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Tanja
3 months ago
Option E: Conduct a full-scale sting operation, complete with hidden cameras and fake identities. Who needs a boring old investigation?
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Merilyn
2 months ago
Option E: Conduct a full-scale sting operation, complete with hidden cameras and fake identities. Who needs a boring old investigation?
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Merilyn
2 months ago
B) Conduct an investigation by gathering and analyzing information on the employee.
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Merilyn
2 months ago
A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.
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Alfred
3 months ago
I'd say option D is the way to go. Hit 'em where it hurts - in the wallet!
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Terrilyn
2 months ago
D) Initiate civil litigation against the employee to recover damages for losses incurred.
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Dino
2 months ago
B) Conduct an investigation by gathering and analyzing information on the employee.
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German
2 months ago
A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.
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Gabriele
4 months ago
Option C is a bit too extreme, don't you think? We should give the employee the benefit of the doubt.
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Veronica
2 months ago
A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.
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Kerry
2 months ago
Option C is a bit too extreme, don't you think? We should give the employee the benefit of the doubt.
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Ezekiel
2 months ago
B) Conduct an investigation by gathering and analyzing information on the employee.
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Mozell
3 months ago
A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.
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Laticia
4 months ago
But shouldn't they also file a suspicious activity report just in case?
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Adell
4 months ago
I agree with Curt, gathering information is important before taking any action.
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Kenneth
4 months ago
I'd go with option A. Better to be safe than sorry when it comes to potential fraud.
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Linwood
3 months ago
User 2: Yeah, it's important to take action if there are any suspicions of fraud.
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Sharan
3 months ago
User 1: I agree, filing a suspicious activity report is the best first step.
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Cecily
4 months ago
Option B seems like the logical choice. You need to investigate first before taking any drastic action.
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Aliza
3 months ago
It's important to handle these situations carefully to protect the bank and its customers.
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Annice
3 months ago
Once the investigation is complete, then appropriate action can be taken based on the findings.
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Cyril
3 months ago
Filing a suspicious activity report is also important to document any suspicious behavior.
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Vincent
3 months ago
I agree, conducting an investigation is necessary to gather evidence.
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Curt
4 months ago
I think the bank should conduct an investigation first.
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