ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 238 Topic 24 Discussion

ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 238 Topic 24 Discussion

CAMS Exam Topic 24 Question 238 Discussion:
Question #: 238
Topic #: 24

An anti-money laundering audit identifies a significant weakness in how transaction monitoring alerts are

cleared. Audit sampling identified potentially suspicious activity that was cleared as not suspicious.

Management accepts the audit finding and develops a remediation plan.

What is the role of the auditor during the correction phase?


A.

Directing the remediation of the deficiency in a timely manner


B.

Developing procedures to provide sufficient risk-based documentation for clearing alerts


C.

Providing training to the alert clearing department on the importance of effective alert clearing


D.

Validating the successful remediation of the issue once management indicates the issue is resolved


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