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?

AEnhanced due diligence for high risk customers

BPrivate banking

CAML training for financial institution staff

DMerchant acquiring activities

Show Suggested Answer

Suggested Answer: C

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

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Vinnie

3 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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Noemi

2 months ago

It's always better to be safe than sorry when it comes to money laundering prevention.

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Haley

2 months ago

I think they should definitely consider offering a course on 'How to Avoid Accidental Money Laundering'.

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Mabel

3 months ago

Definitely, it's crucial in preventing financial crimes.

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Alisha

3 months ago

I agree, AML training is crucial for financial institution staff.

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Katina

3 months ago

I agree, it's important for financial institution staff to be well-trained in anti-money laundering.

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Elbert

3 months ago

I think A) AML training for financial institution staff is the correct answer.

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Verlene

3 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

3 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

2 months 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

3 months ago

C) AML training for financial institution staff? That's important too, but high risk customers need special attention.

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Adolph

3 months 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

3 months 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

4 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

4 months ago

I'm not sure, but I think it could also be AML training for financial institution staff.

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Launa

4 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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