Vce CAMS Questions Latest

Exchange operational information between public authorities and obliged entities

Exchange strategic information between FIUs and obliged entities

Exchange strategic information between financial institutions

Create a common database of key information and share analysis of suspicious activities with FATF

A relationship manager advocates for overriding the results of the company's client risk rating model that resulted in a client's high-risk rating.

An If employee shares information about a firm's risk management framework with employees of other firms at an industry convention.

An investigator does not complete the automated transaction monitoring system alerts assigned to them before the time required by company procedures.

A relationship manager makes an exception to company policy and proceeds with onboarding a customer without documenting a passport for customer identification

Section 319(b)

Section 314(b)

Section 314(a)

Section 319(a)

Inform local LEA and regulator of the request for awareness

Close the client's accounts immediately to avoid any undue risk

Review the client's activity, determine if suspicious activity exists, and report accordingly

Advise the LEA that the government needs to be contacted for extradition

Comply immediately with the foreign jurisdiction and turn over all client information