ACAMS
CAMS · Question #414
CAMS Question #414: Real Exam Question with Answer & Explanation
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Question
A government has instituted a new anti-money laundering laws which require all financial institutions to obtain certain information from its customers. Which step should an institution located in this jurisdiction take to ensure compliance?
Options
- AChange procedures to require that the necessary information is obtained
- BChange procedures and systems as necessary and provide employee training
- CSend a notice to customers asking them to provide the necessary information
- DChange systems to ensure the required information is automatically obtained from all customers
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