cams question 362 discussion

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Question 362

What reputational risk consequence could a financial entity face for violating AML laws?

  • A. Seizure of assets
  • B. Monetary penalties Most Votes
  • C. Increased audit costs to monitor behavior
  • D. Loss of high-profile customers
Answer:

B


Explanation:
Reference:https://www.ifc.org/wps/wcm/connect/e7e10e94-3cd8-4f4c-b6f8-
1e14ea9eff80/45464_IFC_AML_Report.pdf?MOD=AJPERES&CVID=mKKNshy

User Votes:
A 5 votes
50%
B 43 votes
50%
C 6 votes
50%
D 41 votes
50%
Discussions
0 / 1000
Sorak
1 year, 4 months ago

D is reputational risk B is not

1
AnaA.
1 year, 3 months ago

B. Sanctions pécuniaires

0
Assist.moli
7 months, 4 weeks ago

consequence from reputational risk -----> your precious customers go away

1
dionette_tayl
1 month, 3 weeks ago

D. Loss of high-profile customers

0
alban_999
4 days, 10 hours ago

Failure to comply with AML regulations, can severely damage its reputation, leading to a loss of trust and confidence among high-profile customers and partners

0