ACAMS
CAMS · Question #992
CAMS Question #992: Real Exam Question with Answer & Explanation
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Question
It is essential to identify any "family members" or "close associates" of politically exposed persons (PEPs) as part of the KYC/CDD process because they could be:
Options
- Aexecuting cross-border transactions for their own business which is not commensurate to the
- Bin a position to provide more information regarding the PEP's whereabouts and hidden properties.
- Ctravelling to offshore jurisdictions often on holiday which exposes them to higher risks for AML.
- Dused as intermediaries to facilitate bribery or corruption or to conceal the illicit wealth of the PEP.
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