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Which of the following are key components of the Know Your Customer (KYC) process? (Select Two.)
Suggested Answer: A, D
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12 comments · newest first
SA
Salena
3 months ago
I’m leaning towards A and C. Awareness of financial crime is important too.
SA
Samira
4 months ago
Agreed! A is crucial for understanding the client’s background.
CH
Chantell
4 months ago
I think A and D are the best choices. They directly relate to KYC.
DE
Detra
4 months ago
Isn't asking about family members part of the process? I'm surprised it's not listed.
XO
Xochitl
4 months ago
A and D are spot on, no doubt about it!
MA
Mayra
4 months ago
Wait, verifying financial crime awareness? That sounds odd.
PE
Pearlene
6 months ago
I thought B was important too, but I guess not.
HE
Helga
6 months ago
A and D are definitely key components!
LO
Loren
7 months ago
I’m a bit confused about C. It sounds important, but I’m not sure if it’s a core part of KYC like A and D.
NI
Nieves
7 months ago
I practiced a similar question before, and I chose A and D too. They seem to cover the verification aspect well.
JA
Jade
7 months ago
I'm not entirely sure, but I feel like A is important. I think B might not be as relevant in KYC, though.
SI
Silvana
7 months ago
I remember studying KYC processes, and I think A and D are definitely key components. They focus on verifying the client's financial background.