ACAMS
CAMS · Question #398
CAMS Question #398: Real Exam Question with Answer & Explanation
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Question
The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles. Which essential elements should be included in the program? (Choose two.)
Options
- AAppointing an independent audit function
- BConducting a money laundering risk assessment
- CDocumenting a customer acceptance policy
- DEstablishing on-going monitoring of high-risk accounts
- EReporting suspicious activity
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