Discuss Acams CAMS Exam Topic 3 Question 61

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?

AThe activity is a reputational risk to the financial institution.

BIt is the first time the originator wires the beneficiary.

CBeneficiary is active in a related industry.

DPayments to the beneficiary are for large dollar amounts.

Suggested Answer: D

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF Real Exam Format Detailed Explanations Instant Access Get Your Practice Test

14 comments · newest first

Mica 12 months ago

Payments for large amounts? Yeah, that’s escalation material for sure.

Basilia 1 year ago

Wait, are we sure the beneficiary is actually high risk?

Bok 1 year ago

Totally agree, reputational risk is huge in this case!

Cecilia 1 year ago

I think the first-time wire is a bigger concern.

Dean 1 year ago

Large dollar amounts definitely raise a red flag.

Louann 1 year ago

The connection to a related industry seems suspicious, but I wonder if that alone is enough to escalate the situation.

Dottie 1 year 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.

Yaeko 1 year ago

I think large dollar amounts definitely warrant escalation, especially if the beneficiary is in a high-risk area.

Jacob 1 year 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.

Danica 1 year ago

No problem, I've got this. I'll start by mapping out the critical path and then find the shortest alternative route.

Lindsay 1 year 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.

Desmond 1 year 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.

Portia 1 year 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.

Evelynn 1 year ago

There was a practice question about script modules, and I believe they mentioned workflow integration. That might relate to option A.

Acams CAMS Exam - Topic 3 Question 61 Discussion