Exam CAMS Topic 1 Question 226 Discussion

Actual exam question for ACAMS's CAMS exam
Question #: 226
Topic #: 1
A compliance officer at a large financial institution has been tasked by senior management to lead a team in an internal review and potential revision of the institution's customer onboarding program following a regulatory enforcement action of another institution.
Which step should the compliance officer perform first?

Suggested Answer: A Vote an answer

Explanation
Review of any AML/CFT program begins with the Risk Based Approached. It should first check the internal system to identify risk factors and design program accordingly.

by Taylor at Feb 06, 2024, 04:59 PM

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