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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.)

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Suggested Answer: C, E

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

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Devorah
9 months ago
Reporting suspicious activity is a must-have, no doubt!
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Karl
9 months ago
I think appointing an independent audit function is overrated.
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Erick
9 months ago
Surprised that some people overlook the customer acceptance policy!
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Kenny
10 months ago
I agree, ongoing monitoring is crucial too.
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Meghann
10 months ago
Definitely need to conduct a money laundering risk assessment!
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Lemuel
10 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
10 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
10 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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