ACAMS
CAMS · Question #545
CAMS Question #545: Real Exam Question with Answer & Explanation
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Question
An internal review of anti-money laundering training documentation revealed only new agents employed by a financial institution that sells life insurance products were trained. Additionally, it typically took the institution 8 months to begin training for new actuaries. The compliance officer explained training was limited to actuaries because they perform the only high-risk function. The institution relied on e-learning techniques without follow-up assessment. Which of the following issues would the internal review most likely recommend?
Options
- AAll staff, apart from the Board of Directors, must be trained.
- BPro duct-specific anti-money laundering training should be provided company-wide.
- CThe institution must provide anti-money laundering training to actuaries within 6 months.
- DContinue using e-learning to emphasize anti-money laundering content during training.
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