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CAMS · Question #878
CAMS Question #878: Real Exam Question with Answer & Explanation
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Question
An institution is looking to alter an existing threshold-based monitoring scenario because it is generating too many alerts that do not yield suspicious activity reports. Documentation submitted to the relevant committee for supporting this proposal should include details on: (Choose three.)
Options
- Aevidence that the increased residual risk arising from the change is within the bank's risk appetite.
- Bapproval by money-laundering reporting officer for the proposal.
- Chow many resources are spent on the less productive lower threshold and the associated costs.
- Dthe number of cases that will not be filed and the resources that can be freed up for other tasks.
- Eminutes of meeting held with the regulator where agreement was obtained that the higher
- Fhistorical analysis proving that the current scenario generates a disproportionate number of false
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