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CAMS · Question #231

CAMS Question #231: Real Exam Question with Answer & Explanation

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Question

Which measure to mitigate risk does the Basel Committee's Customer Due Diligence Principles suggest banks apply when accepting business from non-face-to-face customers?

Options

  • ACertification of documents presented
  • BRequiring an in person interview with the customer
  • CImposing a limit on permissible account activity for a defined period of time
  • DRequiring additional review of account opening documents by senior management

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