ACAMS
CAMS · Question #984
CAMS Question #984: Real Exam Question with Answer & Explanation
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Question
The recently appointed senior money laundering reporting officer (MLRO) at a newly opened small digital bank has been instructed by the group chief compliance officer to implement an effective AML transaction monitoring system that can identify unusual and suspicious transactions. What are important considerations for the project to select and implement the AML transaction monitoring system at the digital bank? (Select Two.)
Options
- AWhether the vendor has documented appropriate internal controls for designing system and data
- BWhether the permissions and user access settings for reviewing, investigating, and reporting
- CWhether the monitoring system is adequate with respect to the bank's size, activities, complexity,
- DWhether the monitoring system can be configured to enable the bank to execute trend analysis of
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