An anti-money laundering specialist at a large institution is responsible for informing senior management about...

ACAMS CAMS Question Answer

An anti-money laundering specialist at a large institution is responsible for informing senior management about the status of the anti-money laundering program across the organization. The global institution handles retail banking, commercial banking, global markets, private banking and has an affiliated securities dealer. The specialist and the team provide corporate strategic direction to these areas on anti-money laundering related subjects. The following information is reported to executive management on a regular basis:

•Total number of suspicious transactions identified and reported

•Suspicious transaction trends

•Training that has occurred for the various units

•Status report on the anti-money laundering regulatory environment

•Summary of exception reports

Which of the following additional elements is the most useful?

The total credit exposure for non-cooperative countries and territories.

Results of related audits and examinations.

Details on inquiries received from law enforcement.

Notification of management changes in the different major divisions.