Cams Exam Quesiton No 42

Question No 42:

John is an AML compliance officer at a financial institution that is looking at an electronic KYC tool to facilitate the account opening process. Which of the following aspects would be most useful for John to consider when assessing vendors providing the tools?

A. How well can the vendor work with the institution's existing account systems and account opening processes?
B. Can the vendor provide training on how to use the new tool?
C. Can the tool prevent fraudulent accounts from being opened?
D. Can the tool provide alerts to the AML compliance staff when it finds a match with a customer in a jurisdiction with inadequate AML controls?

Answer: A