Acams Exam CAMS-FCI Topic 4 Question 12 Discussion

Actual exam question for Acams's CAMS-FCI exam

Question #: 12
Topic #: 4

Due to an ever-diversifying business model and multi-jurisdictional footprint, a casino has decided to outsource the source of funds and wealth checks to a third-party provider. Why is it important for the casino to maintain control of the output from the provider?

AClients of the casino prefer to know that the casino is keeping their information secure when being held by a third-party.

BAs with all third-party relationships, proper control must be maintained to ensure profitability.

CThe casino maintains ultimate responsibility for this activity and should maintain control to avoid non-compliance.

DOther casinos are frequently looking to reduce costs and share ideas, so if this relationship is successful, the model can be used by other businesses.

Show Suggested Answer

Suggested Answer: C

The OFAC sanctions screening audit program should include the requirement that all clients with foreign identification are subject to enhanced due diligence, as this provides an extra layer of protection against potential violations of OFAC sanctions.

by Walton at Mar 07, 2025, 01:40 PM

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