ACAMS
CAMS · Question #266
CAMS Question #266: Real Exam Question with Answer & Explanation
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Question
Which action should financial institutions with cross border correspondent banking activity be required to perform according to the Financial Action Task Force 40 Recommendations?
Options
- AGather a list of their politically exposed customers
- BIdentify natural persons who own or control more than 5%
- CObtain senior management approval before establishing the relationship
- DObtain a third party independent review of the respondent's anti-money laundering program
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