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CAMS · Question #664

CAMS Question #664: Real Exam Question with Answer & Explanation

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Question

According to the Basel Committee principles, which actions would make a customer identification program at a bank more robust? (Select Two.)

Options

  • ALimiting the online activities of a new customer during the first two months.
  • BUnderstanding the nature and purpose behind a new business opening an account at the bank.
  • CVerifying the identity of a customer with reputable online source documentation.
  • DUnderstanding why a customer has selected a particular financial institution for banking.

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