This thread is resolved. Here is a description of the problem and solution.
Problem: After updating WPML, the client is receiving the following message:
Debug information WPML Update is Incomplete
You are running updated gravityforms-multilingual and wpml-media-translation, but the following components are not updated: sitepress-multilingual-cms wpml-string-translation wpml-translation-management Your site will not work as it should in this configuration Please update all components which you are using. For WPML components you can receive updates from your WPML.org account or automatically, after you register WPML.
But all plugins are updated and the site is registered with WPML.
Solution: Manually installing the latest WPML plugins by following these steps resolved the issue:
1. Backup your database – see for example: http://wordpress.org/extend/plugins/wp-db-backup/
2. Deactivate the existing WPML plugin and any add-ons.
3. Delete the plugin files – this does not delete your translations. You will simply delete the plugin files from you "wp-content/plugins" folder NOT the database records.
4. Download the updated plugin from https://wpml.org/account/downloads/ and upload to the plugin directory.
5. Activate the WPML plugin and any add-ons.
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