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Acams CAMS Exam - Topic 4 Question 36 Discussion

Actual exam question for Acams's CAMS exam

Question #: 36
Topic #: 4

[All CAMS Questions]

Why do government entities around the world believe that a risk-based approach to AML/CFT compliance is a preferable prescriptive measure?

AIt is easier for examiners to make subjective criticisms

BIt is more flexible, effective and proportionate

CIt allows institutions to focus their attention on only high risk customers

DIt allows the creation of hard and fast rules that must be followed

Show Suggested Answer

Suggested Answer: B

by Leslie at May 05, 2022, 11:01 PM

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Wai

9 months ago

Wait, are they really saying subjective criticisms are easier? That sounds off!

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Lachelle

9 months ago

Hard rules can be too rigid; risk-based is definitely the way to go.

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Destiny

9 months ago

Really? I doubt a risk-based approach is always the best way.

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Lashawn

10 months ago

Totally agree, focusing on high-risk customers makes sense!

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Aleta

10 months ago

It's all about being more flexible and effective.

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Desirae

10 months ago

Hmm, I'm a bit unsure about the redundancy aspect. Let me re-read the question carefully.

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Mona

10 months ago

I'm a bit unsure on this one. The patient's blood pressure is still high, so we'll need to do something to get it under better control. Increasing the dose or adding a new medication could both be reasonable approaches.

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