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Acams Exam Advanced-CAMS-Audit Topic 2 Question 1 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 1
Topic #: 2
[All Advanced-CAMS-Audit Questions]

Which key risk indicator should the internal auditor consider when reviewing correspondent banking activities?

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Suggested Answer: C

Contribute your Thoughts:

Sheron
1 days ago
Haha, I bet the auditor is just hoping none of the respondent banks are located in Mordor or something. But yeah, C is the clear choice here.
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Josefa
5 days ago
I agree, C is the way to go. You can't ignore the risks posed by banks in sketchy locations.
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Kathryn
8 days ago
C definitely seems like the right answer here. Correspondent banking with banks in higher-risk jurisdictions can be a major red flag for AML/CFT issues.
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a