CAMS Question #986: Real Exam Question with Answer & Explanation

The correct answer is A. data privacy. C. the Travel Rule. D. data quality. E. complexity.. Key challenges in adopting new AML/CFT technologies are: A: Data privacy--new tech often requires processing more personal data, raising privacy/regulatory concerns. C: The Travel Rule--meeting global standards for information sharing in payments is a technology D: Data quality--

Question

Challenges in the implementation of new technologies for AML/CFT include: (Select Four.)

Options

Adata privacy.
Benhanced due diligence (EDD) policies.
Cthe Travel Rule.
Ddata quality.
Ecomplexity.
Fregulatory.

Explanation

Key challenges in adopting new AML/CFT technologies are: A: Data privacy--new tech often requires processing more personal data, raising privacy/regulatory concerns. C: The Travel Rule--meeting global standards for information sharing in payments is a technology D: Data quality--effective systems rely on accurate, comprehensive, timely data. E: Complexity--integrating and managing new technology can increase operational complexity.(CAMS 6th Edition, Technology in AML/CFT; FATF Guidance on Digital ID and

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