CAMS · Question #852
Which ancillary departments or operational areas can play an essential role in supporting a larger organization's Anti-Money Laundering and Economic Sanctions compliance program? (Choose three.)
The correct answer is A. Accounting C. Technology solutions and IT security E. Fraud risk management. Accounting can help detect irregular financial patterns, technology solutions and IT security provide systems for monitoring and data protection, and fraud risk management identifies and mitigates suspicious activities - all of which are essential to supporting AML and…
Question
Which ancillary departments or operational areas can play an essential role in supporting a larger organization's Anti-Money Laundering and Economic Sanctions compliance program? (Choose three.)
Options
- AAccounting
- BModel risk management
- CTechnology solutions and IT security
- DMarketing
- EFraud risk management
How the community answered
(56 responses)- A82% (46)
- B13% (7)
- D5% (3)
Explanation
Accounting can help detect irregular financial patterns, technology solutions and IT security provide systems for monitoring and data protection, and fraud risk management identifies and mitigates suspicious activities - all of which are essential to supporting AML and sanctions compliance programs.
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