Acams Exam CAMS Topic 1 Question 67 Discussion

Actual exam question for Acams's CAMS exam

Question #: 67
Topic #: 1

[All CAMS Questions]

Which principle about safeguarding privacy and data should an auditor adhere to when performing an AML investigation?

ACountries should clarify where AML and Data Protection Privacy laws are not balanced.

BAML and Data Protection Privacy laws should not be mutually exclusive.

CDuring evidence gathering, privacy laws are less important than local AML laws.

DTerrorist financing is more relevant in the context of data protection and supersedes laws.

Show Suggested Answer

Suggested Answer: C, E

by Lawrence at Jan 22, 2024, 01:00 PM

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Dorinda

1 months ago

I'm torn between B and C. Maybe the answer is 'B, but with a big asterisk next to it.'

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Sheron

14 days ago

User 3: Definitely, it's important to consider both when conducting an AML investigation.

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Sang

17 days ago

User 2: I agree, they shouldn't be mutually exclusive.

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Reuben

19 days ago

User 1: I think the key is to balance AML and Data Protection Privacy laws.

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Corinne

2 months ago

B is the way to go. Auditors need to balance AML and privacy - they shouldn't have to choose between them.

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Stephen

11 days ago

User 3: It's important for countries to clarify where the laws are not balanced.

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Melda

27 days ago

User 2: Definitely, they shouldn't have to choose between them.

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Natalya

1 months ago

User 1: I agree, auditors should balance AML and privacy laws.

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Tawny

2 months ago

D is just ridiculous. Terrorist financing doesn't trump data protection laws, that's absurd!

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Salley

27 days ago

C) During evidence gathering, privacy laws are less important than local AML laws.

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Josefa

1 months ago

B) AML and Data Protection Privacy laws should not be mutually exclusive.

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Kanisha

1 months ago

A) Countries should clarify where AML and Data Protection Privacy laws are not balanced.

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Lilli

2 months ago

I believe that during evidence gathering, privacy laws should still be respected, even if local AML laws are in place. It's crucial to protect individuals' privacy rights.

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Johnson

2 months ago

I'm going with C. When investigating money laundering, privacy laws can't get in the way of gathering evidence.

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Jacki

28 days ago

I agree with you. It's crucial that they are not mutually exclusive.

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Novella

1 months ago

I think B is more important. We need to balance AML and privacy laws.

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Gregoria

1 months ago

I agree with you, B seems like the most appropriate choice in this situation.

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Frederica

2 months ago

I think B is the correct answer. Privacy laws and AML laws should work together.

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Craig

2 months ago

I agree with Alonzo. It's important to balance both privacy and AML laws to ensure compliance and protect sensitive data.

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Alonzo

2 months ago

I think an auditor should adhere to the principle that AML and Data Protection Privacy laws should not be mutually exclusive.

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Lawrence

2 months ago

I believe that during evidence gathering, privacy laws should still be respected, even if AML laws are the primary focus.

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Becky

2 months ago

B seems like the best option. AML and data privacy laws should work together, not against each other.

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Crissy

28 days ago

Heidy: Yes, it seems like the best option for safeguarding privacy and data.

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Felicitas

1 months ago

User 3: So, B is the right choice then.

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Heidy

1 months ago

User 2: Definitely, they should not be mutually exclusive.

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Ilene

1 months ago

User 1: I agree, AML and data privacy laws should complement each other.

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Chaya

2 months ago

I agree with Tabetha. It's important to balance both AML and privacy laws to ensure effective investigation.

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Tabetha

3 months ago

I think an auditor should adhere to the principle that AML and Data Protection Privacy laws should not be mutually exclusive.

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