CAMS Question #364: Real Exam Question with Answer & Explanation

The correct answer is D. Maintain a record of the transaction activity that generated the alert. According to the ACAMS CAMS Certification Study Guide (6th edition), one of the key steps of conducting an investigation of a suspicious activity is to maintain and secure supporting documentation used to perform the investigation. This includes the transaction activity that gene

Question

When performing an investigation, which key steps should be taken to maintain and secure supporting documentation used to perform an investigation of a suspicious activity?

Options

ADisseminate the rationale for the investigative approach and the objective basis for the
BPerform the alerting transaction with alternative thresholds to ensure they are calibrated correctly.
CEnsure that a secure archive has information available to the client.
DMaintain a record of the transaction activity that generated the alert

Explanation

According to the ACAMS CAMS Certification Study Guide (6th edition), one of the key steps of conducting an investigation of a suspicious activity is to maintain and secure supporting documentation used to perform the investigation. This includes the transaction activity that generated the alert, the analysis performed, the decision made, and the rationale for the decision. This documentation serves as evidence of the investigation process and the compliance with the relevant policies and procedures. It also helps to ensure consistency, accountability, and transparency in the investigation process.

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