Question 1

SCENARIO: 'FinBank' is adopting new technologies to combat financial crime. They are implementing a decentralized, immutable ledger to track cross-border payments. They are also using software to analyze millions of unstructured social media posts to detect sentiment. To access the server room, staff now need a fingerprint scan. Finally, they are training staff to spot criminals trying to hide the illicit origins of drug money.

Identify the correct terms for:
1. The immutable ledger technology.
2. The technology analyzing millions of unstructured posts.
3. The control type for the fingerprint scan.
4. The specific crime of hiding illicit money origins.

Which option represents the correct combination?

Accepted Answer

Match the definitions: immutable ledger = blockchain. Massive unstructured data = Big Data. Door lock = physical preventative. Hiding dirty money = money laundering.

Question 2

What mistakes do candidates make on this ACCA question?

Accepted Answer

Confusing physical controls (locks, guards) with logical controls (passwords, firewalls).

How to approach this question

Full Answer

Common mistakes

Practice the full ACCA BT — Business & Technology Practice Exam 1

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