ACAMS
CAMS · Question #166
CAMS Question #166: Real Exam Question with Answer & Explanation
Sign in or unlock CAMS to reveal the answer and full explanation for question #166. The question stem and answer options stay visible for context.
Question
Following a recent exercise which explained how a correspondent banking operation could be used by money launderers, an anti-money laundering specialist decided to re-write the due diligence procedures for entering into agreements with foreign financial institutions. Which of the following information should be included to establish a rigorous "Know Your Respondent" procedure? 1.Respondent's management, nature of license, and major business activity. 2. Computer equipment and software capability. 3. The quality of supervision in the home country. 4. Respondent's location, in particular the existence of a real physical presence.
Options
- A1, 2, and 3 only
- B1, 2, and 4 only
- C1, 3, and 4 only
- D2, 3, and 4 only
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.