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Acams CAMS Exam - Topic 4 Question 22 Discussion

Actual exam question for Acams's CAMS exam

Question #: 22
Topic #: 4

[All CAMS Questions]

When the minimum CDD standards of the home and host countries differ, the offices in the host countries should follow which requirements?

ALocal rules and regulations

BThe minimum required

CThe higher standard of the two

DThe CDD standards required by the home country

Show Suggested Answer

Suggested Answer: C

by Tarra at May 07, 2022, 11:42 PM

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Staci

8 months ago

Not sure if that's always the best approach though...

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Keshia

8 months ago

Local rules are usually more relevant, I agree!

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Charlene

8 months ago

Wait, why would we not just follow the home country's standards?

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Kayleigh

8 months ago

I think the higher standard of the two makes more sense.

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Hui

8 months ago

Definitely local rules and regulations!

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Chandra

9 months ago

Okay, let's break this down. Classification and regression are both predictive modeling techniques, where the goal is to predict an output variable based on input variables. And they are considered supervised learning methods, since the training data has labeled outputs.

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Fabiola

9 months ago

Hmm, I'm a bit unsure about this one. I know private blockchains are used for business, but I'm not totally clear on the specific goals.

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Tamesha

9 months ago

I think it might be option A, because local regulations usually take precedence in practice.

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