ACAMS
CAMS · Question #156
CAMS Question #156: Real Exam Question with Answer & Explanation
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Question
A division anti-money laundering officer for a financial institution has been conducting a monthly self-assessment. The officer reviews the accounts opened for compliance with a long standing Know Your Customer policy. The self-assessment for the latest month shows a significant increase in compliance deficiencies for the first time in more than a year. Which of the following is the next course of action for the anti-money laundering officer to take?
Options
- AInform the Board promptly of the Know Your Customer policy trend over the last 6 months.
- BDetermine if there is a readily identifiable cause for the deficiencies.
- CImplement a revision to the account-opening training program.
- DRevise the policy to simplify Know Your Customer compliance before the report is issued.
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