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Acams Exam CAMS Topic 2 Question 86 Discussion

Actual exam question for Acams's CAMS exam
Question #: 86
Topic #: 2
[All CAMS Questions]

A financial institution (FI) has decided to revamp its compliance program to be more risk-based. Which option should the FI use as part of the new risk-based compliance program?

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Suggested Answer: C

by Zona at Sep 17, 2024, 01:41 AM

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Georgene
1 months ago
I believe a transaction-based approach could also be effective in identifying risks.
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Sheron
1 months ago
Hmm, Predictive-based sounds interesting. Can it also predict the winning lottery numbers?
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Caprice
23 days ago
C: I don't think it can predict lottery numbers though, that's a different kind of prediction.
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Cherry
28 days ago
B: Yeah, it could help anticipate potential risks before they happen.
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Matthew
30 days ago
A: I think Predictive-based would be a good option for the new risk-based compliance program.
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Buck
1 months ago
I agree with Wynell. Data-based approach would provide more accurate insights.
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Wynell
2 months ago
I think the FI should use a data-based approach.
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Tyisha
2 months ago
Transaction-based all the way! Tracking those financial moves like a hawk.
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Allene
1 months ago
Leadership-based might be important too. Setting the tone from the top can influence compliance throughout the organization.
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Melvin
1 months ago
I think data-based could also be useful. Analyzing data can help identify potential risks.
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Samira
1 months ago
I agree, transaction-based is the way to go. It's all about monitoring those financial activities.
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Crista
2 months ago
Data-based, of course! Gotta love those sweet, sweet numbers.
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Leontine
1 months ago
Yeah, data-based is definitely the most reliable option for revamping the compliance program.
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Lauran
2 months ago
I agree, data-based is the way to go for a risk-based compliance program.
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