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Acams Exam CAMS Topic 4 Question 89 Discussion

Actual exam question for Acams's CAMS exam
Question #: 89
Topic #: 4
[All CAMS Questions]

Which step should financial institutions take when complying with sanctions requirements?

Show Suggested Answer Hide Answer
Suggested Answer: A

Contribute your Thoughts:

Kimberlie
1 months ago
I'm not sure if I should go with Option A or Option D. Maybe I should just ask the teller at the bank - they seem to have all the answers!
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Avery
13 hours ago
Gladis: I'll go with Option A then. Thanks for the advice!
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Eden
7 days ago
You could always ask the teller at the bank for their advice. They might have more insight on which option to choose.
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Quentin
11 days ago
I would go with Option D. Freezing funds or assets of designated persons and entities is a crucial step in complying with sanctions requirements.
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Gladis
14 days ago
User 2: I agree with you. It's important for financial institutions to have efficient screening processes in place.
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Diego
17 days ago
I think Option A is the best choice. Automatic screening systems can help catch any designated persons or entities.
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Howard
18 days ago
User 1: I think Option A is the best choice. Automatic screening systems can help detect designated persons and entities quickly.
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Elenora
2 months ago
Ah, the age-old dilemma: do we freeze the assets or just change the risk profile? I'd say Option D is the safest bet, but Option C could be a good backup plan if you're feeling adventurous.
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Lindy
24 days ago
C) Change the risk profile to 'high-risk' if an existing customer becomes a sanctioned entity and continue monitoring further transactions.
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Ilona
29 days ago
B) Conduct enhanced due diligence for prohibited entities on the sanctions list.
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Olive
1 months ago
A) Adopt automatic screening systems to detect designated persons and entities.
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Jame
2 months ago
Option B is the way to go. Enhanced due diligence is crucial to ensure you're not doing business with any prohibited entities.
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Karol
2 months ago
I'd go with Option D. Freezing the funds or assets is the most direct way to comply with sanctions, and it's the best way to avoid any legal issues.
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Brynn
2 months ago
I believe conducting enhanced due diligence is also crucial to comply with sanctions requirements.
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Evelynn
2 months ago
Option A seems like the practical choice - automating the screening process can help financial institutions stay on top of sanctions requirements efficiently.
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Rickie
1 months ago
User 4: Freezing funds or assets of designated persons and entities is a crucial step once approved by the Board to ensure compliance.
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Luisa
1 months ago
User 3: Changing the risk profile to 'high-risk' for sanctioned entities makes sense to closely monitor their transactions.
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Adelina
2 months ago
User 2: Enhanced due diligence for prohibited entities on the sanctions list is also important to prevent any potential risks.
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Claribel
2 months ago
User 1: I agree, using automatic screening systems can definitely help financial institutions comply with sanctions requirements.
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Wava
2 months ago
I agree with Fabiola, it's important to detect designated persons and entities.
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Fabiola
2 months ago
I think financial institutions should adopt automatic screening systems.
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