Perpetual KYC includes: (Choose two.)

The correct answer is A. triggers identifying static data changes and data based on client's behaviors in real time. C. ability to prioritize better based on client data rather than driven by schedules alone. Perpetual KYC (pKYC) involves real-time monitoring of data triggers, such as static changes or behavioral anomalies, and prioritization based on client-specific data rather than fixed refresh schedules. This dynamic approach enhances risk management by responding more quickly…

AML/CFT Compliance Programs

Question

Options

Atriggers identifying static data changes and data based on client's behaviors in real time.
Bperiodic refreshing at one-, three- and five-year cycles.
Cability to prioritize better based on client data rather than driven by schedules alone.
Dclassification of clients into categories of risk.

How the community answered

(37 responses)

A
76% (28)
B
8% (3)
D
16% (6)

Explanation

Perpetual KYC (pKYC) involves real-time monitoring of data triggers, such as static changes or behavioral anomalies, and prioritization based on client-specific data rather than fixed refresh schedules. This dynamic approach enhances risk management by responding more quickly to changes in client risk profiles.

Topics

#perpetual KYC#real-time monitoring#event-driven triggers#risk-based approach

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