When applying new technologies to AML, application programming interfaces (APIs) allow for:
A.
Digital identification on mobile devices
B.
Different applications to connect and communicate
C.
Authentication via artificial intelligence (AI) and biometrics
D.
Quick CDD and client traits analysis during onboarding
The Answer Is:
B
This question includes an explanation.
Explanation:
Application Programming Interfaces (APIs)are tools that enableinterconnectivity and data exchangebetween different software applications. In AML contexts, APIs are commonly used tointegrate third-party systems, such as screening tools, customer databases, and transaction monitoring platforms, ensuring real-time and accurate flow of information.
This technological capability supports enhancedautomation, agility, and efficiencyin AML processes.
[Reference: ACAMS CAMS Study Guide – 6th Edition, Chapter:Technology and AML– Section:Emerging Technologies and APIs in Compliance, , , , , ]
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
Get 75% Discount on All Products,
Use Coupon: "ac75sure"