ACAMS
CAMS · Question #954
CAMS Question #954: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #954. The question stem and answer options stay visible for context.
Question
An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following risk-based due diligence procedures, so that the unit was not operating effectively. Which immediate actions should the AML compliance officer consider to address these findings? (Select Two.) Management Should implement a quality assurance program in the private banking unit
Options
- APrivate bankers should receive training on AML procedures.
- BAll employees should receive refresher AML training.
- CThe board should review and approve a revised AML policy to change customer due diligence
- DThe legal department should conduct a review to assess potential legal consequences.
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.