ACAMS
CAMS · Question #114
CAMS Question #114: Real Exam Question with Answer & Explanation
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Question
A compliance officer identifies a potentially significant risk in a popular financial product. Further investigation reveals there is no mitigating control. Which course of action should the compliance officer take?
Options
- ALaunch a long-term project to remediate the control deficiency
- BNote the risk and address it during the next round of policy and procedure review
- CImmediately cease providing the product and only offer it after effective permanent mitigation is
- DImplement a temporary mitigation that enables effective management of the risk until a
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