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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 71 Topic 8 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 71 Topic 8 Discussion

CAMS Exam Topic 8 Question 71 Discussion:
Question #: 71
Topic #: 8

A bank has been fined for failing to take reasonable care to establish and maintain effective systems and controls for high-risk customers, including politically exposed persons (PEPs).

Which typical financial crime risks should the bank have addressed? (Choose three.)


A.

Gathering sufficient information to establish the source of funds and source of wealth


B.

Assessing the level of money laundering risk posed by prospective and existing high-risk customers


C.

Assessing and reviewing the minutes of the relevant committee responsible for onboarding customers


D.

Ensuring an employee is responsible for liaison with the authorities on matters related to countering the finance of terrorism


E.

Ensuring that resources in its compliance and AML areas kept pace with the bank's growth


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