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Acams CAMS Exam - Topic 3 Question 11 Discussion

Actual exam question for Acams's CAMS exam
Question #: 11
Topic #: 3
[All CAMS Questions]

On who does the ultimate responsibility for an institution's anti-money laundering program rest?

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Suggested Answer: B

by Erick at May 07, 2022, 02:23 PM

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Eulah
6 months ago
Agreed, the Compliance Officer has to take the lead on this!
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Vonda
6 months ago
Wait, the government regulator? That seems off.
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Kelvin
6 months ago
All employees should be involved, but ultimate responsibility? Not sure.
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Helaine
7 months ago
I think it's more on the AML Compliance Officer.
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Katheryn
7 months ago
Definitely the Board of Directors. They set the tone.
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Aron
7 months ago
I'm confident I know the answer to this one. The question is asking about the types of trust funds, and the correct option is C, Private purpose Trust Funds.
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Janine
7 months ago
I've got a vague memory of components needing to be coupled. But I'm not confident about the second one.
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Marylou
7 months ago
I remember we discussed "Stretched Fabric" in class, but wasn't that more about extending Layer 2 domains rather than controlling flooding?
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Hui
7 months ago
Hmm, I'm a little unsure about this one. I know rhinitis medicatmentosa is a condition caused by overuse of certain medications, but I can't quite remember which drug class is the culprit. I'll have to think this through carefully.
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Karon
7 months ago
This seems straightforward. The customer has set the minimum instances to 6 and the maximum to 8. They've also added a scaling rule to adjust to 10 instances. Since the group already has 6 instances, the scheduled task should add 4 more instances to reach the target of 10.
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