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Acams Exam CAMS Topic 2 Question 91 Discussion

Actual exam question for Acams's CAMS exam
Question #: 91
Topic #: 2
[All CAMS Questions]

Which is the most severe consequence for a financial institution if the regulator finds it is in breach of AML regulatory obligations?

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Suggested Answer: A

Non-compliance with AML regulatory obligations can have severe consequences for financial institutions. Among these, the most severe consequence is the loss of license. When a financial institution fails to meet AML requirements, regulators may revoke its license to operate. Losing the license effectively shuts down the institution's ability to conduct business, impacting its existence and operations significantly12.


1. Unit21 AML: 8 AML Penalties, Fines, and Sanctions + Examples You Should Avoid

2. Financial Crime Academy: Ensuring Compliance: The Power Of AML Regulatory Reporting

Contribute your Thoughts:

Dalene
2 months ago
Option A all the way. Losing your license is like getting kicked out of the financial institution club. Talk about a career-ending move!
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Berry
16 hours ago
Definitely the most severe consequence.
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Lorean
2 days ago
A) Loss of license
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Patti
3 days ago
True, it would be hard to recover from that kind of hit.
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Lynda
4 days ago
D) Negative reputation
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Willard
6 days ago
Yeah, but losing the license is the worst outcome.
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Hermila
9 days ago
C) Monetary fines
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Maia
13 days ago
Oh no, that would be devastating for the institution.
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Eladia
19 days ago
A) Loss of license
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Jolanda
2 months ago
Hmm, I think D. Negative reputation is the most severe consequence. No amount of money can fix a tarnished brand in the eyes of the public.
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Bernadine
2 months ago
I'm going with B. Civil sanctions can be just as bad, if not worse, than fines. The legal ramifications could cripple a bank.
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Bernardo
19 days ago
C) Monetary fines
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Viki
20 days ago
B) Civil sanctions
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Lashandra
23 days ago
A) Loss of license
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Darci
2 months ago
I would say C. Monetary fines are typically the most severe punishment from regulators. They can really hurt a company's bottom line.
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Noemi
1 months ago
C) Monetary fines
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Alesia
1 months ago
B) Civil sanctions
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Anna
2 months ago
A) Loss of license
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Kayleigh
2 months ago
Yes, that's true. Monetary fines can also have a big impact on a financial institution's operations.
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Hana
2 months ago
But don't you think monetary fines could also be a significant consequence?
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Colette
2 months ago
I agree with Kayleigh, losing the license would be devastating for a financial institution.
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Ora
3 months ago
Definitely option A. Losing your license is the ultimate consequence for any financial institution. I can't imagine how devastating that would be.
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Avery
2 months ago
Monetary fines can also be quite damaging, but losing the license is definitely the worst outcome.
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Katina
2 months ago
C) Monetary fines
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Craig
2 months ago
I agree, losing the license would be catastrophic for any financial institution.
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Blythe
2 months ago
A) Loss of license
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Kayleigh
3 months ago
I think the most severe consequence is loss of license.
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