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?

AFile a suspicious activity report on the employee's activities if management thinks it is suspicious.

BConduct an investigation by gathering and analyzing information on the employee.

CAutomatically file a police report about the employee's potential misconduct.

DInitiate civil litigation against the employee to recover damages for losses incurred.

Show Suggested Answer

Suggested Answer: A, D

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

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1 days ago

I agree with Curt, gathering information is important before taking any action.

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1 days ago

I'd go with option A. Better to be safe than sorry when it comes to potential fraud.

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8 days ago

Option B seems like the logical choice. You need to investigate first before taking any drastic action.

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11 days ago

I think the bank should conduct an investigation first.

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