CAMS · Question #856
A compliance officer is developing management reporting information to provide leadership with insights into the financial crime risk related to an institution's customer population. Which of the…
The correct answer is B. Percentage change of transaction monitoring alerts escalated for investigation compared to the D. Number and percentage of senior politically exposed persons (PEPs) who were onboarded in the. Percentage change in transaction monitoring alerts escalated for investigation and number/percentage of senior PEPs onboarded are key risk indicators that can highlight shifts in the inherent risk profile of the customer base, enabling leadership to proactively address emerging…
Question
A compliance officer is developing management reporting information to provide leadership with insights into the financial crime risk related to an institution's customer population. Which of the following is a key risk indicator to include in the reporting to allow leadership to monitor whether there are any key changes to the inherent risk of the customer population? (Choose two.)
Options
- APercentage of regulatory reports for high-risk customers not completed within the required
- BPercentage change of transaction monitoring alerts escalated for investigation compared to the
- CPercentage of customers for whom onboarding verification was not completed within KYC policy
- DNumber and percentage of senior politically exposed persons (PEPs) who were onboarded in the
How the community answered
(31 responses)- A10% (3)
- B74% (23)
- C16% (5)
Explanation
Percentage change in transaction monitoring alerts escalated for investigation and number/percentage of senior PEPs onboarded are key risk indicators that can highlight shifts in the inherent risk profile of the customer base, enabling leadership to proactively address emerging financial crime risks.
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