CAMS · Question #20
An organization's automated surveillance system identifies large fluctuations in customer activity. As a result of an audit, the compliance officer is informed that the system is not generating…
The correct answer is C. Mapping. As mapping scenarios are helpful in mitigating the weakness of not generating alerts when activity is consistently abnormal over a long period of time. Mapping scenarios are used to compare a customer's activity with their expected activity based on their profile, risk rating…
Question
An organization's automated surveillance system identifies large fluctuations in customer activity. As a result of an audit, the compliance officer is informed that the system is not generating alerts when activity is consistently abnormal over a long period of time. Currently the organization is evaluating new alert scenarios in an attempt to address this problem. Which type of scenario is helpful in mitigating this weakness?
Options
- APeer
- BIncome
- CMapping
- DBelow-the-line
How the community answered
(42 responses)- A5% (2)
- B17% (7)
- C69% (29)
- D10% (4)
Explanation
As mapping scenarios are helpful in mitigating the weakness of not generating alerts when activity is consistently abnormal over a long period of time. Mapping scenarios are used to compare a customer's activity with their expected activity based on their profile, risk rating, or historical behavior1. By using mapping scenarios, the organization can identify customers whose activity deviates significantly from their normal or expected patterns, and flag them for further investigation. Mapping scenarios can also help detect changes in customer behavior over time, and alert the organization of any potential money laundering or terrorist financing risks.
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