ACAMS
CAMS · Question #943
The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee's customer due diligence (CDD) principles. Which of t
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AML/CFT Compliance Programs
Question
The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee's customer due diligence (CDD) principles. Which of the following describe key improvements to a KYC program established in the Basel Committee's CDD principles? (Select Two.)
Options
- AImplementation of a blacklist of correspondent customers with previously detected and
- BEnhancement of a customer acceptance policy to more clearly identify high-risk customers
- CIncreased frequency of training provided to front office employees
- DEnhancement of customer identification procedures to appropriately identify trust, nominee, and
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Topics
#Basel Committee#CDD principles#KYC#customer acceptance policy