Exam CAMS7 Topic 1 Question 269 Discussion

Actual exam question for ACAMS's CAMS7 exam
Question #: 269
Topic #: 1
A bank has been fined for failing to take reasonable care to establish and maintain effective systems and controls for high-risk customers, including politically exposed persons (PEPs).
Which typical financial crime risks should the bank have addressed? (Choose three.)

Suggested Answer: A,B,E Vote an answer

For high-risk customers, including PEPs, the bank should have gathered adequate information on the source of funds and wealth, assessed the money laundering risk of each customer, and ensured compliance and AML resources scaled with business growth to maintain effective systems and controls.

by Oliver at Dec 09, 2025, 05:17 AM

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