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Acams Advanced-CAMS-Audit Exam - Topic 3 Question 33 Discussion

During the ongoing due diligence process the company becomes aware that the customer is holding personal assets for a politically exposed person (PEP). What should the auditor recommend to enhance the control environment for this customer relationship? (Select Three.)
C) Designate the account as a PEP-account. and D) Conduct enhanced due diligence and enhanced ongoing monitoring of the customer relationship. and E) Review and document the details of the customer s asset-holding arrangement.
A) File a suspicious activity report as the previous risk rating was not correct.
B) Deploy automated monitoring toots to efficiently peruse the customer's KYC information and assure that the customer's KYC risk rating is correct.
F) Review the customer risk profile every two years as with any other customers. C: Designating the account as a PEP-account triggers additional monitoring and controls as PEPs inherently pose higher risks. D: Enhanced due diligence (EDD) and ongoing monitoring are essential for PEPs to track their financial activities closely and address any anomalies. E: Documenting the details of the asset-holding arrangement provides clarity on the customer's profile and any associated risks.

Acams Advanced-CAMS-Audit Exam - Topic 3 Question 33 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 33
Topic #: 3
[All Advanced-CAMS-Audit Questions]

During the ongoing due diligence process the company becomes aware that the customer is holding personal assets for a politically exposed person (PEP). What should the auditor recommend to enhance the control environment for this customer relationship? (Select Three.)

Show Suggested Answer Hide Answer
Suggested Answer: C, D, E

by Quentin at Jun 21, 2026, 07:18 AM

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Ludivina
24 days ago
E is important for transparency. We need to know what assets are held.
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Laura
29 days ago
Agreed, but D is crucial too. We can't overlook ongoing monitoring.
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Laurel
1 month ago
I think we should definitely go with C. PEPs need extra attention.
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Kara
1 month ago
Automated tools are key for keeping KYC info accurate!
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Lanie
1 month ago
Not sure if reviewing every two years is enough for PEPs.
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Agustin
2 months ago
Designating as a PEP-account is a must, higher risks involved.
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Alona
2 months ago
Surprised they didn't mention filing a suspicious activity report first!
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Jody
2 months ago
Definitely agree on enhanced due diligence for PEPs!
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Chana
2 months ago
Reviewing the asset-holding arrangement sounds important, but I wonder if it’s as critical as the ongoing monitoring for PEPs.
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Kimbery
2 months ago
I’m a bit uncertain about filing a suspicious activity report; it seems like a reactive measure rather than a proactive control enhancement.
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Tawanna
3 months ago
I remember practicing a question about enhanced due diligence for high-risk customers, so I feel confident that option D is definitely necessary here.
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Josephine
3 months ago
I think designating the account as a PEP-account is crucial since it triggers more scrutiny, but I'm not sure if that alone is enough.
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