ACAMS
CAMS · Question #395
Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?
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AML/CFT Compliance Programs
Question
Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?
Options
- AAfter assessing all risk factors the level of residual client risk exceeds the FI's risk appetite.
- BThe client is a registered charity known to remit funds to high risk geographies where there is
- CClosing the client accounts will help reduce the number of transaction monitoring alerts.
- DClient transactions generate ongoing transaction monitoring alerts that did not result in any
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Topics
#client exit decision#residual risk#risk appetite#customer relationship management