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Acams Exam Advanced-CAMS-Audit Topic 4 Question 10 Discussion

Actual exam question for Acams's Advanced-CAMS-Audit exam
Question #: 10
Topic #: 4
[All Advanced-CAMS-Audit Questions]

Which is considered a minimum requirement in a customer identification program?

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Suggested Answer: C

by Giovanna at Mar 24, 2025, 02:19 PM

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Latricia
2 days ago
Leave it to the regulators to make a simple thing like customer identification so complicated. Can we get a multiple-choice question on something more fun, like crypto trading strategies?
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Oneida
6 days ago
I think A) and D) are also important, but C) is the core of the CIP. Gotta get that customer info right at the start.
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Aleisha
7 days ago
But what about transaction reporting procedures? Don't they play a crucial role as well?
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Jerry
9 days ago
C) Account opening procedures that specify the information that will be obtained from each customer is definitely the correct answer. That's the fundamental requirement for a CIP.
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Dong
10 days ago
I agree with Thora, account opening procedures are essential for customer identification.
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Thora
15 days ago
I think the minimum requirement is account opening procedures.
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