Acams Exam CAMS Topic 1 Question 80 Discussion

Actual exam question for Acams's CAMS exam

Question #: 80
Topic #: 1

[All CAMS Questions]

When an existing customer becomes a politically exposed person (PEP), what should the KYC analyst do during the review/refresh period?

ASeek the compliance officer's advice before marking the authorized signatory as PEP.

BUpdate the new authorized signatories in the customer profile.

CPerform enhanced due diligence for the customer and update the KYC profile.

DUpdate the list of signatories and perform enhanced due diligence in the next periodic refresh cycle.

Show Suggested Answer

Suggested Answer: C, E

by Stanton at Jul 17, 2024, 09:55 PM

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1 days ago

I would also seek the compliance officer's advice before marking the authorized signatory as PEP, just to be safe.

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7 days ago

I agree with Carey. It's important to update the KYC profile and keep a close eye on PEPs.

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12 days ago

I think we should perform enhanced due diligence for the customer and update the KYC profile.

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