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Acams Exam CAMS Topic 2 Question 86 Discussion

Actual exam question for Acams's CAMS exam
Question #: 86
Topic #: 2
[All CAMS Questions]

What was the topic the Wolfsberg Group's first guidance addressed?

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Suggested Answer: C

by Zona at Sep 17, 2024, 01:41 AM

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Vinnie
1 months ago
I'm going to have to go with C) AML training for financial institution staff. Can't go wrong with some good old-fashioned anti-money laundering education, right? Although I do wonder if the Wolfsberg Group considered offering a complementary course on 'How to Avoid Accidental Money Laundering'.
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Haley
7 days ago
I think they should definitely consider offering a course on 'How to Avoid Accidental Money Laundering'.
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Mabel
9 days ago
Definitely, it's crucial in preventing financial crimes.
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Alisha
13 days ago
I agree, AML training is crucial for financial institution staff.
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Katina
13 days ago
I agree, it's important for financial institution staff to be well-trained in anti-money laundering.
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Elbert
26 days ago
I think A) AML training for financial institution staff is the correct answer.
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Verlene
1 months ago
B) Private banking, definitely. Who would've thought that the Wolfsberg Group's first foray into guidance would be about helping banks handle their ultra-wealthy clients? The life of a compliance officer is never dull!
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Jeannetta
1 months ago
D) Merchant acquiring activities? Really? That seems a bit obscure for their first guidance. I'm going to have to go with A) Enhanced due diligence for high risk customers on this one.
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Virgina
1 days ago
A) Enhanced due diligence for high risk customers it is then. It's crucial to have proper measures in place for them.
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Patria
9 days ago
C) AML training for financial institution staff? That's important too, but high risk customers need special attention.
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Adolph
22 days ago
B) Private banking? That could be a possibility, but I think focusing on high risk customers is more urgent.
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Vi
23 days ago
A) Enhanced due diligence for high risk customers? That makes sense, it's important to address high risk customers first.
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Amira
1 months ago
Hmm, I'm not sure. C) AML training for financial institution staff seems like a good guess, but I could be wrong. Guess I need to brush up on my Wolfsberg Group knowledge.
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Anglea
2 months ago
I'm not sure, but I think it could also be AML training for financial institution staff.
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Launa
2 months ago
I think it's B) Private banking. The Wolfsberg Group is known for its guidance on anti-money laundering, and private banking would be a logical first focus.
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Melvin
27 days ago
I believe it's A) Enhanced due diligence for high risk customers.
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Tonja
1 months ago
No problem! It's always good to learn something new.
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William
1 months ago
Oh, I see. Thanks for clarifying.
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Gail
1 months ago
I think it's B) Private banking.
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Myra
1 months ago
Actually, the correct answer is A) Enhanced due diligence for high risk customers.
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Jamika
1 months ago
I think it's B) Private banking.
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Luisa
2 months ago
I agree with Angella, it makes sense for the Wolfsberg Group to address that first.
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Angella
2 months ago
I think the topic was enhanced due diligence for high risk customers.
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