ACAMS
CAMS · Question #439
CAMS Question #439: Real Exam Question with Answer & Explanation
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Question
According to the Financial Action Task Force, which action must a financial institution take to fulfill customer due diligence obligations?
Options
- ASecure a written declaration from the customer confirming the source of the funds.
- BObtain information on the intended nature of the banking relationship.
- CIdentify shareholders listed on the stock exchange of corporate entities holding fifty percent of the
- DVerify the customer is not on any sanction lists.
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