ACAMS
CAMS · Question #772
CAMS Question #772: Real Exam Question with Answer & Explanation
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Question
A newly appointed senior money laundering reporting officer (MLRO) at a digital bank has been instructed to implement an effective AML transaction monitoring system. What are important considerations for selecting and implementing the AML system? (Select Two.)
Options
- AWhether the monitoring system is adequate with respect to the bank's size, activities, complexity,
- BWhether the vendor has documented appropriate internal controls for designing the system and
- CWhether the permissions and user access settings for reviewing, investigating, and reporting
- DWhether the monitoring system can be configured to enable the bank to execute trend analysis of
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