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CAMS · Question #742

CAMS Question #742: Real Exam Question with Answer & Explanation

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Question

The manager of a bank's KYC team discovers that a high-risk customer's activity was not reviewed last quarter as required by the bank's internal compliance schedule. What should the KYC team manager do?

Options

  • ASubmit a referral to file a Suspicious Activity Report (SAR).
  • BRemove the customer from the bank's high-risk list.
  • CContact the customer's relationship manager to suspend account access until the periodic KYC
  • DEvaluate the KYC review process to understand why the review did not occur as required and

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