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ACAMS Updated Advanced-CAMS-Audit Exam Questions and Answers by stefan

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ACAMS Advanced-CAMS-Audit Exam Overview :

Exam Name: Advanced CAMS-Audit Certification Exam
Exam Code: Advanced-CAMS-Audit Dumps
Vendor: ACAMS Certification: AML Certifications
Questions: 90 Q&A's Shared By: stefan
Question 12

Which conclusion should the auditor make regarding the staff attendance of the periodic AML training program organized by the bank?

Options:

A.

Staff attendance is complete because the training is mandatory for staff in the business, operations compliance and senior management whose duties involve knowledge of AML controls and processes.

B.

Staff attendance is complete because all staff in the institution are required to attend the AML training as part of the staff onboarding process.

C.

Staff attendance is incomplete because the board of directors is not part of the staff required to attend the periodic trainings, and there is no other specially designed AML training for the board.

D.

Staff attendance is incomplete because the compliance officer or the delegates are not part of the staff facilitating the 3-hour periodic AML training.

Discussion
Question 13

The company has automated the completion of the customer risk assessment (CRA) into its main customer relationship management (CRM) system The CRM has needs recording the overall risk level assessed (Standard. Enhanced), the ID number of the staff member who completed the assessment, and me date of the last assessment Which additional fields should the auditor recommend to document the CRA process? (Select Three.)

Options:

A.

Age (Years)

B.

Risk factors (Y/N. if Y please specify)

C.

Type of customer (Trust. Company Individual)

D.

Annual premium (S)

E.

Residence (Country)

F.

Photo ID taken (Passport Driver’s License. Other)

Discussion
Question 14

Which should be evaluated when analyzing components of risk mitigation in an AML risk assessment? (Select Two.)

Options:

A.

Liquidity risk

B.

Product risk

C.

Overall customer volume

D.

Office of Foreign Assets Control filtering

E.

Customer risk

Discussion
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Question 15

Which findings indicate issues that would cause a lack of understanding of the risks associated with the business the financial institution conducts? (Select Three.)

Options:

A.

Finding 1

B.

Finding 3

C.

Finding 4

D.

Finding 5

E.

Finding 6

F.

Finding 8

Discussion
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