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Acams CAMS Exam - Topic 4 Question 41 Discussion

Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)
D) When the institution faces a merger or acquisition and E) When opening a sales point in a new location in the same city
A) When new products, services or customer types are introduced
B) When new board members are elected
C) When the AML compliance team hires new employees

Acams CAMS Exam - Topic 4 Question 41 Discussion

Actual exam question for Acams's CAMS exam
Question #: 41
Topic #: 4
[All CAMS Questions]

Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)

Show Suggested Answer Hide Answer
Suggested Answer: D, E

by Bernardine at May 03, 2022, 07:31 PM

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Daren
11 months ago
Really? Just opening a new sales point doesn't need an update? Feels off.
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Truman
11 months ago
A and D are spot on! Can't believe anyone would disagree.
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Matilda
11 months ago
Surprised that new board members aren't a top reason!
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Galen
11 months ago
I think B is important too, but not as much as A and D.
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Kimbery
11 months ago
Definitely A and D! New products and mergers change the game.
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Daron
12 months ago
I'm feeling pretty confident about this one. The key is understanding how null values are handled in this context.
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Ranee
12 months ago
Ah, I remember learning about this in class. The Symantec Management Agent sends its list of package download locations to the Package Server when it receives a tickle packet. Option B is the correct answer.
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Johnna
12 months ago
Okay, let me think this through. The question is asking for the correct way to use a time range specifier, and the options mention "latest" and "earliest". I'm a bit unsure, but I'm leaning towards A or B.
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Noel
12 months ago
Okay, I've got a good feeling about this one. The image shows some kind of IBM Cloud interface, so I'm going to use that context to select the best answer.
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