CAMS · Question #898
Arecruitment manager in the human resources departmentof a bank hasshortlisted a candidate for the position of relationship manager in its private banking division. Thebank's compliance…
The correct answer is A. Past employment records. D. Internet and public media searches. E. Criminal history searches. Financial institutions must conduct thorough background checks on employees in sensitive roles (e.g., private banking) to mitigate fraud, insider trading, and money laundering risks. Option A (Correct):Past employment records help verify work history and identify any red flags…
Question
Arecruitment manager in the human resources departmentof a bank hasshortlisted a candidate for the position of relationship manager in its private banking division. Thebank's compliance policyrequiresproper background checksto protect againstfraud and money laundering risks. Whichresourceswould bemost usefulfor identifying potential negative information regarding the shortlisted candidate? (Select Three.)
Options
- APast employment records.
- BPersonal references from close associates.
- CPersonal resume.
- DInternet and public media searches.
- ECriminal history searches.
How the community answered
(15 responses)- A87% (13)
- B7% (1)
- C7% (1)
Explanation
Financial institutions must conduct thorough background checks on employees in sensitive roles (e.g., private banking) to mitigate fraud, insider trading, and money laundering risks. Option A (Correct):Past employment records help verify work history and identify any red flags related to prior financial misconduct. Option D (Correct):Internet and media searches reveal any negative press, regulatory issues, or connections to illicit activity. Option E (Correct):Criminal history searches help screen for prior convictions related to financial
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