ACAMS
CAMS · Question #268
CAMS Question #268: Real Exam Question with Answer & Explanation
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Question
A financial institution has expanded its scope of services so that it is attracting the business of politically exposed persons (PEPs) who had previously never been part of the customer base. Which two courses of action should the compliance officer include in the institution's procedures for considering PEPs as customers? (Choose two.)
Options
- AConduct enhanced ongoing monitoring of the business relationship
- BExpedite due diligence when a PEP is pre-approved by a member of senior management
- CObtain appropriate senior management approval for establishing a business relationship with a
- DTake adequate measures to establish the source of wealth and source of funds which are
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