CAMS-RM Practice Questions - ACAMS Certified AFC Risk Manager (formerly Advanced CAMS-RM) Exam

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In the AFC (Anti-Financial Crime) Risk Management framework, what is the primary distinction between AFC and traditional AML?

AFC focuses only on cash transactions while AML covers all transactions AFC is broader, covering AML, sanctions, fraud, and anti-bribery and corruption AFC applies only to non-bank financial institutions AFC replaces all prior AML obligations under the BSA

Correct Answer:

AFC is broader, covering AML, sanctions, fraud, and anti-bribery and corruption

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