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Acams CAMS Exam - Topic 3 Question 61 Discussion

A compliance analyst is reviewing recent activity between a publicly traded company and a company in a high risk jurisdiction. Which detail suggests that escalation is warranted?
D) Payments to the beneficiary are for large dollar amounts.
A) The activity is a reputational risk to the financial institution.
B) It is the first time the originator wires the beneficiary.
C) Beneficiary is active in a related industry.

Acams CAMS Exam - Topic 3 Question 61 Discussion

Actual exam question for Acams's CAMS exam
Question #: 61
Topic #: 3
[All CAMS Questions]

A compliance analyst is reviewing recent activity between a publicly traded company and a company in a high risk jurisdiction. Which detail suggests that escalation is warranted?

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Suggested Answer: D

by Yvonne at Nov 17, 2022, 05:39 AM

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Mica
10 months ago
Payments for large amounts? Yeah, that’s escalation material for sure.
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Basilia
11 months ago
Wait, are we sure the beneficiary is actually high risk?
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Bok
11 months ago
Totally agree, reputational risk is huge in this case!
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Cecilia
11 months ago
I think the first-time wire is a bigger concern.
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Dean
11 months ago
Large dollar amounts definitely raise a red flag.
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Louann
11 months ago
The connection to a related industry seems suspicious, but I wonder if that alone is enough to escalate the situation.
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Dottie
11 months ago
I feel like the reputational risk could be a factor too, but I’m not entirely clear on how that weighs against the other options.
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Yaeko
11 months ago
I think large dollar amounts definitely warrant escalation, especially if the beneficiary is in a high-risk area.
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Jacob
11 months ago
I remember discussing how first-time transactions can be a red flag, but I'm not sure if that's the strongest reason for escalation.
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Danica
12 months ago
No problem, I've got this. I'll start by mapping out the critical path and then find the shortest alternative route.
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Lindsay
12 months ago
I feel confident about this question. DataWorks supports a variety of scheduling frequencies, and the options provided cover the most common ones. I'll select the four correct answers and move on to the next question.
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Desmond
12 months ago
I'm a little confused about the part where it says we can't discard any variables. That doesn't seem right to me - reducing the dimensionality is usually a key step in clustering, right? I'll have to think more about that one.
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Portia
12 months ago
I'm a bit confused by the wording of the question. It's asking what you should "create", but the options are all pre-configured DSVM images. I'm not sure if that means I should select the one that most closely matches the requirements, or if I need to do something else. I'll need to think this through a bit more.
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Evelynn
12 months ago
There was a practice question about script modules, and I believe they mentioned workflow integration. That might relate to option A.
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