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Acams CAMS Exam - Topic 4 Question 9 Discussion

An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution.Which three should be included? Choose 3 answers
B) A training program for senior management and staff and C) An anti-money laundering compliance program, internal audit program, and procedure manual and D) Compliance requirement of host and charting countries
A) Basel Committee on Banking Supervision's capital adequacy requirements for the host country

Acams CAMS Exam - Topic 4 Question 9 Discussion

Actual exam question for Acams's CAMS exam
Question #: 9
Topic #: 4
[All CAMS Questions]

An anti-money laundering specialist has been asked to create internal anti-money laundering policies, procedures and controls for a recently chartered offshore financial institution.

Which three should be included? Choose 3 answers

Show Suggested Answer Hide Answer
Suggested Answer: B, C, D

by Annmarie at May 06, 2022, 10:40 AM

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Rebbecca
11 months ago
Wait, are we sure all three options are necessary?
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Junita
11 months ago
An anti-money laundering compliance program is essential!
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Donte
11 months ago
Isn't the Basel Committee stuff a bit overkill for an offshore institution?
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Alba
11 months ago
I think compliance requirements are a must too.
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Junita
11 months ago
Definitely need a training program for staff!
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Jesse
12 months ago
The key here is to focus on the analysis and categorization of the incident. That sounds like it would be part of the "Incident triage" phase to me.
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Mozell
12 months ago
I'm pretty sure this is about creating comprehensive AML policies. Option C looks like the most complete package.
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