nerdexam
ACAMS

CAMS · Question #239

CAMS Question #239: Real Exam Question with Answer & Explanation

Sign in or unlock CAMS to reveal the answer and full explanation for question #239. The question stem and answer options stay visible for context.

Question

Since its last regulatory examination, a financial institution has aggressively grown by adding profitable new products and services. The institution has not historically received regulatory criticism regarding its anti-money laundering compliance program. However, a recent regulatory examination cited significant deficiencies in the anti-money laundering program that were attributed primarily to the lack of oversight by the institution's leadership in implementing adequate controls over the new products and services. Which area of international control should leadership first address to correct the weaknesses in the program?

Options

  • AAnti-money laundering training
  • BAnti-money laundering policy
  • CMoney laundering risk assessment
  • DAnti-money laundering compliance staff

Unlock CAMS to see the answer

You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.

Full CAMS Practice