Acams Exam CAMS Topic 4 Question 69 Discussion

Actual exam question for Acams's CAMS exam

Question #: 69
Topic #: 4

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?

ALeadership-based

BPredictive-based

CTransaction-based

DData-based

Show Suggested Answer

Suggested Answer: C

by Peggie at Mar 09, 2024, 07:39 AM

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Bulah

6 months ago

I see your point, Cornell. Transaction-based approach could provide a more targeted compliance program.

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Cornell

6 months ago

I personally think a transaction-based approach would be the most practical, as it focuses on specific transactions.

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Luann

6 months ago

That's a good point, Azalee. Predictive-based approach could indeed be helpful in identifying potential risks before they occur.

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Azalee

6 months ago

But wouldn't a predictive-based approach help anticipate future risks?

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Benton

7 months ago

I agree with Luann, using data to make compliance decisions would be more effective.

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Luann

7 months ago

I think the FI should use a data-based approach.

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Noah

7 months ago

True, predictive-based approach could be more proactive in managing compliance risks.

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Salina

7 months ago

But wouldn't a predictive-based approach help in anticipating risks before they occur?

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Iesha

8 months ago

I agree, data-based approach would allow the FI to analyze trends and patterns.

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Mike

8 months ago

I think the FI should use a data-based approach.

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