ACAMS
CAMS · Question #478
CAMS Question #478: Real Exam Question with Answer & Explanation
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Question
Under the Wolfsberg Correspondent Banking Principles, which action is considered an enhanced due diligence obligation to correspondent banking clients that present greater risks?
Options
- AConducting reviews on all high-risk relationships
- BAn evaluation done by the compliance officer in charge of the account
- CApproval of a high-risk relationship by a senior management committee
- DOngoing monitoring of clients located in tax haven countries
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