CAMS Exam Dumps | In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable

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Question 281/374

In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable for?

A. Identifying how customers are using products

B. Highlighting the skills of the system analysts

C. Proving to the Board of Directors that the FIU is doing its job

D. Meeting mandatory regulatory requirements for system implementation

Question List (374q): Question 1: A financial institution's (Fl's) policy is to apply enhanced...; Question 2: A bank maintains a relationship with a customer who owns a s...; Question 3: The Basel Committee on Banking Supervision published guideli...; Question 4: Which test should be included in a bank's Office of Foreign ...; Question 5: When should a financial institution (FI) exit a relationship...; Question 6: A suspicious transaction report filed on a car dealer struct...; Question 7: Which three elements should be considered in an institution'...; Question 8: Which red flags could indicate increased terror financing an...; Question 9: A recruitment manager in the human resources department of a...; Question 10: What should countries do to help prevent non-profit organiza...; Question 11: What are two requirements for monitoring and reporting suspi...; Question 12: Which primary international authoritative body designates sa...; Question 13: What is the primary action a financial institution should ta...; Question 14: Which of the following is a red flag indicating potential mo...; Question 15: Trusts established in certain offshore jurisdictions make go...; Question 16: An international bank is headquartered in Madrid, Spain, wit...; Question 17: Which three entities does the Third European Union Money Lau...; Question 18: What do Financial Action Task Force (FATF)-style regional bo...; Question 19: An existing customer has changed its business scope and juri...; Question 20: Which three are the most commonly used risk criteria?...; Question 21: According to Basel Committee on Banking Supervision's Custom...; Question 22: A bank in an offshore jurisdiction approaches an institution...; Question 23: The Wolfsberg Principles for Private Banking list circumstan...; Question 24: According to FinCEN, which red flags within a bank account m...; Question 25: Which red flags could indicate increased terrorist financing...; Question 26: A company is endorsing the execution of terrorism through di...; Question 27: A law enforcement agency is reviewing a suspicious transacti...; Question 28: Which information should be gathered as part of enhanced due...; Question 29: According to Basel Committee guidelines, which level of the ...; Question 30: The branch manager notices that a number of customers come i...; Question 31: Which requirement is included in the Fourth European Union D...; Question 32: When an existing customer becomes a politically exposed pers...; Question 33: A bank account is established for a new business customer. 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