ACAMS
CAMS · Question #880
CAMS Question #880: Real Exam Question with Answer & Explanation
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Question
A bank has been fined for failing to take reasonable care to establish and maintain effective systems and controls for high-risk customers, including politically exposed persons (PEPs). Which typical financial crime risks should the bank have addressed? (Choose three.)
Options
- AGathering sufficient information to establish the source of funds and source of wealth
- BAssessing the level of money laundering risk posed by prospective and existing high-risk
- CAssessing and reviewing the minutes of the relevant committee responsible for onboarding
- DEnsuring an employee is responsible for liaison with the authorities on matters related to
- EEnsuring that resources in its compliance and AML areas kept pace with the bank's growth
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