Acams Exam CAMS Topic 4 Question 89 Discussion

Actual exam question for Acams's CAMS exam

Question #: 89
Topic #: 4

[All CAMS Questions]

Which step should financial institutions take when complying with sanctions requirements?

AAdopt automatic screening systems to detect designated persons and entities.

BChange the risk profile to 'high-risk' if an existing customer becomes a sanctioned entity and continue monitoring further transactions.

CConduct enhanced due diligence (EDD) for prohibited entities on the sanctions list.

DFreeze the funds or assets of designated persons and entities once this decision is approved by the board.

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Suggested Answer: A

by Jolanda at Oct 18, 2024, 09:48 AM

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4 hours ago

I think financial institutions should adopt automatic screening systems.

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