ACAMS Updated CAMS Exam Questions and Answers by neave

Dissuade government tax incentive programs

Reduce confidence in the country's financial sector.

Dissuade foreign investment.

Lower the employment rate.

Reduce volatility in exchange and interest rates.

Relevant information should be shared throughout the organization.

Revenue-generating business sectors should have precedence over compliance.

First line of defense should establish its own policies independently.

Cost of compliance should increase proportionately to revenues.

Consistency of approach

Periodic training of the function

Qualification of the team

Independent testing

Only commit to action plans that require no new investment to maximize shareholder value

Draft action plans in consultation with the jurisdiction's FIU to remain aligned with other similar companies

Only commit to action plans that can be implemented and closed within the three-month management reporting cycle

Draft action plans to address the root cause of the deficiencies, regardless of how long they will take to fully implement