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CAMS · Question #400

CAMS Question #400: Real Exam Question with Answer & Explanation

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Question

To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?

Options

  • AAdequate surety bonds, cash deposits, or equivalencies
  • BComprehensive compliance programs
  • CProspective owners have prior experience in the area of finance
  • DThorough due diligence on prospective owners

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