ACAMS
CAMS · Question #9
CAMS Question #9: Real Exam Question with Answer & Explanation
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Question
What is the appropriate compliance control for identifying politically exposed persons (PEPs) according to the Basel Committee's paper on Customer Due Diligence for Banks?
Options
- ADetermining that a local figure is a PEP
- BReviewing when a relationship is established
- CReviewing relationships at account opening and on a periodic basis
- DRequiring that the customer discloses that they are a PEP or an associate of a PEP
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