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Acams CAMS Exam - Topic 4 Question 38 Discussion

The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles. Which essential elements should be included in the program? (Choose two.)
C) Documenting a customer acceptance policy and E) Reporting suspicious activity
A) Appointing an independent audit function
B) Conducting a money laundering risk assessment
D) Establishing on-going monitoring of high-risk accounts

Acams CAMS Exam - Topic 4 Question 38 Discussion

Actual exam question for Acams's CAMS exam
Question #: 38
Topic #: 4
[All CAMS Questions]

The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles. Which essential elements should be included in the program? (Choose two.)

Show Suggested Answer Hide Answer
Suggested Answer: C, E

by Salome at May 04, 2022, 04:08 PM

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Devorah
8 months ago
Reporting suspicious activity is a must-have, no doubt!
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Karl
8 months ago
I think appointing an independent audit function is overrated.
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Erick
8 months ago
Surprised that some people overlook the customer acceptance policy!
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Kenny
8 months ago
I agree, ongoing monitoring is crucial too.
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Meghann
8 months ago
Definitely need to conduct a money laundering risk assessment!
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Lemuel
9 months ago
This is a good test of our understanding of anti-spyware best practices. I'll need to weigh the trade-offs between the different profiles and configurations to determine the most comprehensive solution.
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Halina
9 months ago
Okay, let's see. I'm pretty sure option A is false, since InnoDB encryption should support all data types. But I'm not sure about the other options.
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Lettie
9 months ago
Okay, I've got a strategy for this. I'll start by eliminating the options that I'm pretty sure aren't correct, then focus in on the remaining ones and try to determine the best answer.
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