ACAMS
CAMS · Question #69
CAMS Question #69: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #69. The question stem and answer options stay visible for context.
Question
A bank is preparing for its anti-money laundering independent review, which is performed every two years under the direction of the compliance officer. The bank's corporate audit department will conduct the review. The compliance officer will review the final report before it is released to the Board of Directors. What is the issue with this situation?
Options
- AIndependent reviews must be performed annually
- BThe review must be performed by a group outside of the bank
- CThe final report must be presented directly to the board of directors
- DThere is a conflict of interest with the management of the review process
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.