Which elements can trigger a review of the existing relationship during the opening of a new account? (Select Two.)

The correct answer is B. Recent adverse media on the client D. Incoming transfers from high-risk jurisdictions. According to the Certified Anti-Money Laundering Specialist (CAMS) Sixth Edition manual, elements that can trigger a review of the existing relationship during the opening of a new account include recent adverse media on the client (page 60) and incoming transfers from high…

AML/CFT Compliance Programs

Question

Options

ARegular checks on the flow of funds
BRecent adverse media on the client
CA false positive result for name screening
DIncoming transfers from high-risk jurisdictions
EEstimated total income decrease

How the community answered

(34 responses)

A
3% (1)
B
82% (28)
C
12% (4)
E
3% (1)

Explanation

According to the Certified Anti-Money Laundering Specialist (CAMS) Sixth Edition manual, elements that can trigger a review of the existing relationship during the opening of a new account include recent adverse media on the client (page 60) and incoming transfers from high- risk jurisdictions (page 61). The other elements listed, such as regular checks on the flow of funds, a false positive result for name screening, and an estimated total income decrease, are not triggers for a review.

Topics

#customer due diligence#adverse media#high-risk jurisdictions#account review triggers

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