ACFCS Financial Crime SpecialistExam CFCS Question # 75 Topic 3 Discussion

ACFCS Financial Crime SpecialistExam CFCS Question # 75 Topic 3 Discussion

CFCS Exam Topic 3 Question 75 Discussion:
Question #: 75
Topic #: 3

Ms. Garcia, the Chief Compliance Officer of a multinational bank, is reviewing the institution’s sanctions compliance program. She wants to ensure that appropriate measures are in place to monitor and control transactions involving high-risk jurisdictions. Which of the following strategies would be most effective for Ms. Garcia to achieve this objective?


A.

Implementing transaction monitoring systems that flag transactions involving high-risk jurisdictions for manual review.


B.

Restricting all transactions with counterparties from high-risk jurisdictions to minimize exposure.


C.

Conducting enhanced due diligence on all clients regardless of their jurisdiction.


D.

Increasing transaction processing speed to minimize delays for clients from low-risk jurisdictions.


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