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ACAMS CAMS exam
  • Exam Code: CAMS
  • Exam Name: Certified Anti-Money Laundering Specialists
  • Version: V12.35
  • Q & A: 70 Questions and Answers
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NEW QUESTION: 1
An opportunity that reaches the threshold with 80% probability will trigger additional alerts if the probability subsequently goes higher to 85%.
A. Yes
B. No
C. Depends on the Settings
Answer: B

NEW QUESTION: 2
A company produces homeopathic lotions for pain relief and uses Dynamics 365 for Finance and Operations.
You have replaced the vendor of a product's active ingredient with a new vendor. The new vendor is supplying the ingredient at a higher concentration of 25 percent.
The previous vendor concentration was 15 percent. You are consistently running out of two of the complimentary ingredients.
You need to update the formula and ingredient settings to allow for better order planning.
What should you do?
A. Modify the target value of the attribute for the compensating ingredients
B. Modify the factor value of the compensation principle
C. Modify the minimum and maximum value of the attribute for the active ingredient
D. Modify the target value of the attribute for the active ingredient
Answer: B

NEW QUESTION: 3
Qualitative risk assessment uses which of the following terms for evaluating risk level?
Each correct answer represents a part of the solution. Choose two.
A. Impact
B. Single loss expectancy
C. Probability
D. Annual rate of occurrence
Answer: A,C
Explanation:
Explanation/Reference:
Explanation:
Unlike the quantitative risk assessment, qualitative risk assessment does not assign dollar values. Rather, it determines risk's level based on the probability and impact of a risk. These values are determined by gathering the opinions of experts.
Probability- establishing the likelihood of occurrence and reoccurrence of specific risks, independently,

and combined. The risk occurs when a threat exploits vulnerability. Scaling is done to define the probability that a risk will occur. The scale can be based on word values such as Low, Medium, or High.
Percentage can also be assigned to these words, like 10% to low and 90% to high.
Impact- Impact is used to identify the magnitude of identified risks. The risk leads to some type of loss.

However, instead of quantifying the loss as a dollar value, an impact assessment could use words such as Low, Medium, or High. Impact is expressed as a relative value. For example, low could be 10, medium could be 50, and high could be 100.
Risk level = Probability * Impact
Incorrect Answers:
B, D: These are used for calculating Annual loss expectancy (ALE) in quantitative risk assessment.
Formula is given as follows:
ALE= SLE * ARO

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