ACAMS
CAMS · Question #377
CAMS Question #377: Real Exam Question with Answer & Explanation
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Question
According to the Basel Committee on Banking Supervision standards, which statements best describe sound practices in relation to customer due diligence (CDD) policies and procedures? (Choose three.)
Options
- ABanks should identify its customers based on a general-rules based assessment without
- BBanks should never allow for verification to be completed after the establishment of the business
- CBanks should take into consideration the occasional banking transaction or the size/level of
- DBanks should develop and implement clear acceptance policies and procedures to identify the
- EBanks should implement enhanced due diligence measures for entering business relationships
- FBanks should use CDD procedures based in another bank's standards when subject to the same
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