Which of the following controls is typically implemented at customer onboarding to mitigate the risk of onboarding high-risk customers?

Question

Options

• AEnhanced due diligence (EDD)
• BTransaction monitoring
• CCustomer risk assessment
• DSanctions screening

• A
  74% (40)
• B
  4% (2)
• C
  9% (5)
• D
  13% (7)

Explanation

(Enhanced due diligence): EDD is a key control at onboarding for high-risk customers, involving deeper scrutiny, additional documentation, and approval layers to address increased ML/TF risk. "High-risk customers must be subject to enhanced due diligence during onboarding to ensure a thorough understanding of potential ML/TF risks." Exam Questions, Study Guides, Practice Tests. Lead the way to help you pass any IT Certification exams, 100% Pass Guaranteed or Full Refund. Especially Cisco, Microsoft, CompTIA, Citrix, EMC, HP, Oracle, VMware, Juniper, Check Point, LPI, Nortel, EXIN and so on. Our Slogan: First Test, First Pass. Help you to pass any IT Certification exams at the first try. You can reach us at any of the email addresses listed below. Any problems about IT certification or our products, you could rely upon us, we will give you satisfactory answers in 24 hours.

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