CAMS · Question #986
Challenges in the implementation of new technologies for AML/CFT include: (Select Four.)
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…
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.
How the community answered
(54 responses)- A74% (40)
- B17% (9)
- F9% (5)
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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