nerdexam
ACAMS

CAMS · Question #916

Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)

The correct answer is A. Subscribing lo a regulators' newsletter B. Using a specific provider for regulatory horizon scanning. This question tests practical knowledge of efficient regulatory horizon scanning methods. Efficient approaches leverage systematic, scalable sources rather than ad-hoc or reactive outreach.

New Developments in AML/CFT

Question

Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)

Options

  • ASubscribing lo a regulators' newsletter
  • BUsing a specific provider for regulatory horizon scanning
  • CRegularly contacting the regulator to inquire about updates and future developments
  • DRelying on information and insights from peers and working groups

How the community answered

(46 responses)
  • A
    76% (35)
  • C
    15% (7)
  • D
    9% (4)

Why each option

This question tests practical knowledge of efficient regulatory horizon scanning methods. Efficient approaches leverage systematic, scalable sources rather than ad-hoc or reactive outreach.

ASubscribing lo a regulators' newsletterCorrect

Subscribing to a regulator's official newsletter is a low-effort, high-reliability method that delivers timely updates directly from the source in a structured, repeatable format without requiring manual effort per update cycle.

BUsing a specific provider for regulatory horizon scanningCorrect

Using a dedicated regulatory horizon scanning provider aggregates updates across multiple regulators and jurisdictions automatically, offering scale and comprehensiveness that a single organization could not match internally.

CRegularly contacting the regulator to inquire about updates and future developments

Regularly contacting a regulator directly to request updates is inefficient because it demands significant staff time, depends on regulator responsiveness, and does not scale across multiple regulatory bodies or jurisdictions.

DRelying on information and insights from peers and working groups

Relying on peers and working groups for regulatory intelligence is a supplementary tactic that is informal, inconsistent, and not systematic enough to serve as a primary horizon scanning method.

Concept tested: Regulatory horizon scanning efficient methods compliance

Source: https://www.fca.org.uk/firms/regtech/regulatory-reporting

Topics

#horizon scanning#regulatory intelligence#regulatory updates#compliance monitoring

Community Discussion

No community discussion yet for this question.

Full CAMS Practice