ACAMS
CAMS · Question #830
CAMS Question #830: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #830. The question stem and answer options stay visible for context.
Question
The chief compliance officer at a global bank that operates in the US, EU, and other countries is responsible for navigating the US and EU regulations related to anti-money laundering (AML) and sanctions as well as any local regulations in the countries where it operates. What should be the primary compliance concern of the bank?
Options
- AUS anti-money laundering regulations are stricter than the EU AML Directives, making it easier
- BUS and EU regulations require the bank to build separate compliance teams, making it necessary
- CThe EU's sanctions regime is stricter than that of the US Office of Foreign Assets Control (OFAC),
- DBalancing compliance with the US BSA and OFAC sanctions while ensuring adherence to EU
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.