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CAMS · Question #886

CAMS Question #886: Real Exam Question with Answer & Explanation

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Question

Why is the prevention of financial crime so important?

Options

  • AFinancial crime does enormous damage to society, undermining market integrity and consumers'
  • BFinancial crime risk incidents always result in fines and losses for the financial firm
  • CFinancial crime prevention processes make the onboarding process for clients unnecessarily
  • DFinancial crime prevention is important as it reduces costs and improves customer services.

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