Acams Exam CAMS Topic 2 Question 86 Discussion

Actual exam question for Acams's CAMS exam

Question #: 86
Topic #: 2

A financial institution (FI) has decided to revamp its compliance program to be more risk-based. Which option should the FI use as part of the new risk-based compliance program?

ALeadership-based

BPredictive-based

CTransaction-based

DData-based

Show Suggested Answer

Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Georgene

2 months ago

I believe a transaction-based approach could also be effective in identifying risks.

upvoted 0 times

...

Sheron

2 months ago

Hmm, Predictive-based sounds interesting. Can it also predict the winning lottery numbers?

upvoted 0 times

Caprice

2 months ago

C: I don't think it can predict lottery numbers though, that's a different kind of prediction.

upvoted 0 times

...

Cherry

2 months ago

B: Yeah, it could help anticipate potential risks before they happen.

upvoted 0 times

...

Matthew

2 months ago

A: I think Predictive-based would be a good option for the new risk-based compliance program.

upvoted 0 times

...

Buck

2 months ago

I agree with Wynell. Data-based approach would provide more accurate insights.

upvoted 0 times

...

Wynell

2 months ago

I think the FI should use a data-based approach.

upvoted 0 times

...

Tyisha

2 months ago

Transaction-based all the way! Tracking those financial moves like a hawk.

upvoted 0 times

Allene

2 months ago

Leadership-based might be important too. Setting the tone from the top can influence compliance throughout the organization.

upvoted 0 times

...

Melvin

2 months ago

I think data-based could also be useful. Analyzing data can help identify potential risks.

upvoted 0 times

...

Samira

2 months ago

I agree, transaction-based is the way to go. It's all about monitoring those financial activities.

upvoted 0 times

...

Crista

3 months ago

Data-based, of course! Gotta love those sweet, sweet numbers.

upvoted 0 times

Leontine

2 months ago

Yeah, data-based is definitely the most reliable option for revamping the compliance program.

upvoted 0 times

...

Lauran

2 months ago

I agree, data-based is the way to go for a risk-based compliance program.

upvoted 0 times

...