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Acams Exam CAMS Topic 1 Question 6 Discussion

Actual exam question for Acams's CAMS exam
Question #: 6
Topic #: 1
[All CAMS Questions]

In May 2002, the Wolfsberg Principles on Private Banking were revised and included a section that prohibits the use of internal non-client accounts in a manner that would prevent officials from appropriate monitoring movements of funds or keep clients from being linked to the movement of funds on their behalf.

What is another name for these internal, non-client accounts?

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Suggested Answer: C

http://www.wolfsberg-principles.com/privat-banking.html(1.2.2, 5th bullet)

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