CAMS Exam Dumps | After several months of research, the Director of Marketing and the Managing Director of Business Development

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Question 367/374

After several months of research, the Director of Marketing and the Managing Director of Business Development received approval to launch a branded, stored-value card that will be marketed to the diverse, primarily non-resident population that comprises the bank's current customer demographics. The Chief Credit Officer and the Risk Officer have also been involved in the efforts to develop the card. After the card is launched, the anti-money laundering officer is consulted. The anti-money laundering officer should advise the bank that compliance should have been involved

A. After product development to confer with the legal department.

B. After product development to perform an assessment of the product.

C. During product development to develop reports for the Board.

D. During product development to perform a risk assessment of the product.

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