ACAMS
CAMS · Question #14
CAMS Question #14: Real Exam Question with Answer & Explanation
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Question
What are two requirements for monitoring and reporting suspicious activity for correspondent banking according to the Wolfsberg Principles? (Choose two.)
Options
- AIncorporate suspicious activity monitoring into periodic reviews
- BIncorporate due diligence results such as customer risk ratings
- CUtilize downstream correspondents to investigate and report suspicious activity
- DInvestigate and report suspicious activity only for the correspondent bank's clients
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