Acams Exam CAMS Topic 2 Question 86 Discussion

Actual exam question for Acams's CAMS exam

Question #: 86
Topic #: 2

[All CAMS Questions]

What was the topic the Wolfsberg Group's first guidance addressed?

AEnhanced due diligence for high risk customers

BPrivate banking

CAML training for financial institution staff

DMerchant acquiring activities

Show Suggested Answer

Suggested Answer: C

by Zona at Sep 17, 2024, 01:41 AM

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Jeannetta

21 hours ago

D) Merchant acquiring activities? Really? That seems a bit obscure for their first guidance. I'm going to have to go with A) Enhanced due diligence for high risk customers on this one.

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Amira

3 days ago

Hmm, I'm not sure. C) AML training for financial institution staff seems like a good guess, but I could be wrong. Guess I need to brush up on my Wolfsberg Group knowledge.

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Anglea

12 days ago

I'm not sure, but I think it could also be AML training for financial institution staff.

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Launa

15 days ago

I think it's B) Private banking. The Wolfsberg Group is known for its guidance on anti-money laundering, and private banking would be a logical first focus.

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Jamika

2 days ago

I think it's B) Private banking.

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Luisa

16 days ago

I agree with Angella, it makes sense for the Wolfsberg Group to address that first.

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Angella

20 days ago

I think the topic was enhanced due diligence for high risk customers.

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