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Acams CAMS Exam - Topic 3 Question 53 Discussion

Which is the main objective when a financial institution (FI) conducts an investigation?
A) Keep policies and procedures updated
B) Keep all the documentation
C) Know the customer
D) Track the movement of the money

Acams CAMS Exam - Topic 3 Question 53 Discussion

Actual exam question for Acams's CAMS exam
Question #: 53
Topic #: 3
[All CAMS Questions]

Which is the main objective when a financial institution (FI) conducts an investigation?

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Suggested Answer: A

by Gertude at Jun 16, 2022, 08:41 PM

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Laticia
10 months ago
C makes the most sense, but I’m surprised it’s not more obvious!
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Natalya
11 months ago
Really? I thought it was just about keeping documentation.
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Lottie
11 months ago
Wait, are we sure it's not A? Policies matter too!
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Carisa
11 months ago
I think D is more important, tracking money is crucial.
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Floyd
11 months ago
Definitely C, knowing the customer is key!
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Margart
11 months ago
I’m leaning towards option C, knowing the customer, but I could see how tracking money could also be a major part of it.
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Roselle
11 months ago
Keeping documentation updated is crucial too, but I feel like it might not be the primary goal of the investigation itself.
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Sherill
11 months ago
I remember a practice question that emphasized tracking the movement of money as a key objective. It seems really important for compliance.
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Delmy
11 months ago
I think the main objective is to know the customer, but I'm not entirely sure if that's the only focus during an investigation.
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Dana
12 months ago
Hmm, I'm a bit unsure about this one. The options seem to cover a range of different responsibilities, and I'm not entirely sure which two are the correct answers. I'll have to think this through carefully.
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Glory
12 months ago
I remember learning about the table structure in class - there are a few key tags like thead, tbody, and tfoot that are commonly used. I'll try to recall those.
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Vilma
12 months ago
Okay, I've got this. The question is asking which command to run to create the resources, so it has to be terraform apply. That's the command that actually provisions the infrastructure based on the Terraform configuration.
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Rasheeda
12 months ago
This question seems straightforward. I'll carefully read through the options and eliminate the ones that don't match the description of the four main objectives.
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Andree
12 months ago
This seems like a straightforward question about segment reporting requirements. I'll focus on understanding the key criteria and applying them to the options provided.
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