Acams CKYCA Exam - Topic 1 Question 6 Discussion

Actual exam question for Acams's CKYCA exam

Question #: 6
Topic #: 1

A KYC analyst suspects a transaction is related to a sanctioned individual. How should the analyst respond?

AContinue with the due diligence onboarding procedure, focusing on primary and secondary documentation.

BDiscuss the issue with the firm's compliance officer as it is of low priority.

CReach out to the customer to confirm their sanctions status during the onboarding process, and after that, once a year.

DReport the issue immediately according to the defined procedures.

Show Suggested Answer

Suggested Answer: D

Any suspicion of a link to a sanctioned individual must be reported immediately through the institution's defined sanctions compliance procedures to ensure legal and regulatory obligations are met without tipping off the customer.

by Avery at Oct 18, 2025, 09:28 AM

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Fletcher

2 days ago

B feels wrong. Compliance should always be a priority.

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Lawrence

21 days ago

Option A seems too lenient. We need to act fast.

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Altha

26 days ago

Agreed! We can't take risks with sanctioned individuals.

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Aretha

1 month ago

I think D is the best choice. Immediate reporting is crucial.

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Nichelle

1 month ago

C seems a bit too lenient for my taste. Better to report right away.

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Sage

1 month ago

B is way off. This is a serious issue, not low priority!

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Salome

2 months ago

I think A could work too, but D is definitely safer.

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Ashton

2 months ago

D is the only correct response here. Immediate reporting is crucial.

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Socorro

2 months ago

A) Continue with the due diligence onboarding procedure, focusing on primary and secondary documentation. Gotta make sure we dot all the i's and cross all the t's, right?

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Clarinda

2 months ago

D) Report the issue immediately according to the defined procedures. Can't risk getting caught up in any shady sanctions stuff. Not on my watch!

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Sylvia

2 months ago

B) Discuss the issue with the firm's compliance officer as it is of low priority. Compliance? What's that? I'm just here to make money, baby!

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Wenona

2 months ago

C) Reach out to the customer to confirm their sanctions status during the onboarding process, and after that, once a year. Gotta keep those customers on their toes!

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Frank

3 months ago

D) Report the issue immediately according to the defined procedures. Better safe than sorry when it comes to sanctions!

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Francoise

3 months ago

A) Continue with the due diligence onboarding procedure, focusing on primary and secondary documentation. Gotta cover all the bases, you know?

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Vicki

3 months ago

D) Report the issue immediately according to the defined procedures. This is the correct response as any suspicion of sanctions involvement should be reported without delay.

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Nu

3 months ago

Gotta be thorough with the due diligence here. I'd start there and then decide if I need to escalate it to compliance.

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Yoko

4 months ago

Wait, can you really just reach out to the customer? Sounds risky.

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Irma

4 months ago

I think option D is the way to go. Reporting it right away is the responsible thing to do, even if it ends up being low priority.

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Annamae

4 months ago

I'm a bit confused on the best approach here. Should I reach out to the customer or just discuss with compliance? Not sure what the right move is.

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Elden

4 months ago

Definitely report it immediately - that's the safest option. Better to be safe than sorry when it comes to sanctions.

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Adelle

4 months ago

Hmm, this seems like a tricky one. I'd want to be really careful and follow the proper procedures to handle this properly.

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Alfred

3 months ago

Agreed! Following procedures is key in these situations.

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Taryn

5 months ago

I feel like option D makes the most sense, but I wonder if there are situations where you might need to gather more information first before reporting.

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Cordelia

5 months ago

I’m a bit confused about whether reaching out to the customer is a good idea. It seems risky to confirm their sanctions status directly.

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Andra

5 months ago

I remember a practice question where we had to prioritize compliance issues, and I think discussing it with the compliance officer is important, but it feels like a low priority isn't the right approach here.

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Shelia

5 months ago

I think the analyst should definitely report the issue immediately, but I’m not entirely sure if that’s option D or if there’s a specific protocol to follow first.

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