ACAMS
CAMS · Question #648
When an existing customer becomes a politically exposed person (PEP), what should the KYC analyst do during the review/refresh period?
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AML/CFT Compliance Programs
Question
When an existing customer becomes a politically exposed person (PEP), what should the KYC analyst do during the review/refresh period?
Options
- ASeek the compliance officer's advice before marking the authorized signatory as PEP.
- BUpdate the new authorized signatories in the customer profile.
- CPerform enhanced due diligence for the customer and update the KYC profile.
- DUpdate the list of signatories and perform enhanced due diligence in the next periodic refresh
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Topics
#PEP#enhanced due diligence#KYC refresh#customer profile update