New Year Special - 75% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ac75sure

The recently appointed senior money laundering reporting officer (MLRO) at a newly opened small digital...

ACAMS CAMS Full Course Access
ACAMS CAMS View All Questions

The recently appointed senior money laundering reporting officer (MLRO) at a newly opened small digital bank has been instructed by the group chief compliance officer to implement an effective AML transaction monitoring system that can identify unusual and suspicious transactions.

What are important considerations for the project to select and implement the AML transaction monitoring system at the digital bank? (Select Two.)

A.

Whether the vendor has documented appropriate internal controls for designing system and data integration schema

B.

Whether the permissions and user access settings for reviewing, investigating, and reporting details of alerts generated by the system are commensurate with those in use at other banks

C.

Whether the monitoring system is adequate with respect to the bank's size, activities, complexity, and risks

D.

Whether the monitoring system can be configured to enable the bank to execute trend analysis of transaction activity and to identify unusual business relationships and transactions

CAMS PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now CAMS pdf
Get 75% Discount on All Products, Use Coupon: "ac75sure"
Next
What are four key elements that a KYC program should contain according to the Basel...
An institution has made the decision to exit a client relationship due to anti-money laundering...
Previous