Acams Exam CAMS Topic 2 Question 75 Discussion

Actual exam question for Acams's CAMS exam

Question #: 75
Topic #: 2

[All CAMS Questions]

What should a bank do if it suspects one of its employees may be involved in mortgage loan fraud?

AFile a suspicious activity report on the employee's activities if management thinks it is suspicious.

BConduct an investigation by gathering and analyzing information on the employee.

CAutomatically file a police report about the employee's potential misconduct.

DInitiate civil litigation against the employee to recover damages for losses incurred.

Show Suggested Answer

Suggested Answer: A, D

by Bulah at May 18, 2024, 10:31 AM

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Tanja

1 months ago

Option E: Conduct a full-scale sting operation, complete with hidden cameras and fake identities. Who needs a boring old investigation?

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Merilyn

2 days ago

B) Conduct an investigation by gathering and analyzing information on the employee.

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Merilyn

22 days ago

A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.

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Alfred

2 months ago

I'd say option D is the way to go. Hit 'em where it hurts - in the wallet!

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Terrilyn

6 days ago

D) Initiate civil litigation against the employee to recover damages for losses incurred.

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Dino

9 days ago

B) Conduct an investigation by gathering and analyzing information on the employee.

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German

23 days ago

A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.

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Gabriele

2 months ago

Option C is a bit too extreme, don't you think? We should give the employee the benefit of the doubt.

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Veronica

13 days ago

A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.

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Kerry

17 days ago

Option C is a bit too extreme, don't you think? We should give the employee the benefit of the doubt.

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Ezekiel

23 days ago

B) Conduct an investigation by gathering and analyzing information on the employee.

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Mozell

1 months ago

A) File a suspicious activity report on the employee's activities if management thinks it is suspicious.

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Laticia

2 months ago

But shouldn't they also file a suspicious activity report just in case?

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Adell

2 months ago

I agree with Curt, gathering information is important before taking any action.

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Kenneth

2 months ago

I'd go with option A. Better to be safe than sorry when it comes to potential fraud.

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Linwood

1 months ago

User 2: Yeah, it's important to take action if there are any suspicions of fraud.

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Sharan

1 months ago

User 1: I agree, filing a suspicious activity report is the best first step.

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Cecily

2 months ago

Option B seems like the logical choice. You need to investigate first before taking any drastic action.

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Aliza

1 months ago

It's important to handle these situations carefully to protect the bank and its customers.

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Annice

1 months ago

Once the investigation is complete, then appropriate action can be taken based on the findings.

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Cyril

1 months ago

Filing a suspicious activity report is also important to document any suspicious behavior.

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Vincent

2 months ago

I agree, conducting an investigation is necessary to gather evidence.

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Curt

3 months ago

I think the bank should conduct an investigation first.

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