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CAMS · Question #782

CAMS Question #782: Real Exam Question with Answer & Explanation

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Question

Why is it important to use multiple sanctions lists, such as United Nations (UN), Office of Foreign Assets Control ("OFAC"), and European Union ("EU") lists, in name screening systems?

Options

  • ATo avoid sanctions breach related to payments
  • BTo avoid onboarding customers previously exited due to true match
  • CTo meet international regulatory requirements and identify risks across jurisdictions
  • DTo be in line with the risk appetite statement

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