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Acams CAMS Exam - Topic 3 Question 35 Discussion

When providing reporting of STRs to the board, which of the following should be provided?
C) A summary of all key STRs, including PEPs and key employees
A) A numerical summary of all the STRs
B) A numerical summary of all the STRs and a summary of key STRs, including PEPs, key employees
D) All the STRs filed with the national FIU

Acams CAMS Exam - Topic 3 Question 35 Discussion

Actual exam question for Acams's CAMS exam
Question #: 35
Topic #: 3
[All CAMS Questions]

When providing reporting of STRs to the board, which of the following should be provided?

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Suggested Answer: C

by Junita at May 05, 2022, 01:19 PM

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Sherrell
8 months ago
PEPs and key employees are crucial for context!
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Rodrigo
9 months ago
Wait, all STRs filed? That sounds excessive.
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Thurman
9 months ago
Option B seems the most comprehensive.
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Nu
9 months ago
I think just a numerical summary is enough.
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Wenona
9 months ago
Definitely need a summary of key STRs too!
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Raymon
9 months ago
I'm feeling pretty confident about this question. The board needs to know about the key STRs, so I'd go with option C. A summary of all the key STRs, including PEPs and key employees, should give them the information they need.
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Vanna
10 months ago
Ah, this is a good one. I think option B is the way to go - a numerical summary of all the STRs, plus a summary of the key ones. That way, the board gets the big picture as well as the important details.
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Twana
10 months ago
Hmm, I'm a bit unsure about this one. Do we need to provide a numerical summary of all the STRs, or just the key ones? I'll have to re-read the question carefully to make sure I understand what's being asked.
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Lucy
10 months ago
This looks like a straightforward compliance question. I think the key is to focus on what the board needs to know - a summary of the key STRs, including PEPs and key employees, would be the most relevant information.
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Linwood
10 months ago
I'm a bit confused by the wording of these options. Can quality control really be described as the "overall intentions and directions" of an organization? That doesn't seem quite right to me.
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Annelle
10 months ago
I'm a bit confused by this question. I don't recall learning about the NetWitness Trust Model in class. I'll have to guess on this one.
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