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Acams CAMS Exam - Topic 3 Question 7 Discussion

A compliance officer is conducting a review of the automated transaction monitoring system. What would be most likely to result in a change in the monitoring system parameters?
C) The national Financial intelligence Unit issues new risk indicators
A) The local paper runs stories that sully the institution's reputation in the marketplace
B) Law enforcement issues a subpoena for a particular customer's account records
D) The institution's creditworthiness thresholds change

Acams CAMS Exam - Topic 3 Question 7 Discussion

Actual exam question for Acams's CAMS exam
Question #: 7
Topic #: 3
[All CAMS Questions]

A compliance officer is conducting a review of the automated transaction monitoring system. What would be most likely to result in a change in the monitoring system parameters?

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Suggested Answer: C

by Fletcher at May 05, 2022, 10:31 AM

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Carma
9 months ago
Creditworthiness changes might not impact monitoring parameters as much.
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Jose
9 months ago
A subpoena could lead to changes too, but not as directly as new risk indicators.
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Eileen
9 months ago
Wait, how does a local paper affect monitoring systems? Seems off.
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Annabelle
10 months ago
Totally agree, option C is the most likely reason!
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Cassi
10 months ago
New risk indicators from the Financial Intelligence Unit can definitely trigger changes.
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Lili
10 months ago
Okay, I'm pretty sure Rot13 is a single substitution cipher, so that's out. Caesar and Atbash are also single substitution, right? That leaves Vigenère as the multi-alphabet cipher.
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Kendra
10 months ago
No problem, I've got this. The key is to remember the present value formula and plug in the given values. I'll work through it carefully and double-check my work before selecting an answer.
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