Discuss Acams CKYCA Exam Topic 2 Question 10

An Iranian customer is incorrectly recorded in the system as being from Ireland. As a result of this error, the customer will be:

Aassigned fewer risk points.

Bprohibited from funding a new account.

Cdisallowed from opening new accounts.

Dnot screened against applicable sanctions lists.

Suggested Answer: A

Misrecording the customer's country as a low-risk jurisdiction like Ireland instead of a high-risk sanctioned jurisdiction like Iran would result in the system assigning fewer risk points, underestimating the customer's true risk level.

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26 comments · newest first

Ryan 2 months ago

True, but if they're misidentified, D is safer.

Mari 2 months ago

But what about B? They might block funding.

Renato 2 months ago

I agree, D seems likely. No sanctions check.

Adelina 2 months ago

This is tricky. I think D makes sense.

Paulina 3 months ago

True, but if they're misclassified, D is more probable.

Chu 3 months ago

But what about B? Funding issues could arise.

Vicky 3 months ago

I agree, D seems likely. No sanctions check.

Pansy 3 months ago

This is tricky. I think D makes sense.

Ramonita 3 months ago

True, but if they can't fund, B is also a big issue.

Carli 4 months ago

But what about A? Fewer risk points could be a problem.

Jettie 4 months ago

I agree, D makes sense. No sanctions check for them.

Major 4 months ago

This is tricky. I think D is the right choice.

Rosalind 4 months ago

I can't believe they mixed up Ireland and Iran!

Alona 4 months ago

I doubt it will be that simple to resolve.

Phyliss 6 months ago

Wait, how does that even happen?

Rolland 6 months ago

Totally agree, they need to fix that ASAP!

Skye 6 months ago

This could lead to serious compliance issues.

Ines 6 months ago

Totally agree, this could lead to serious issues!

Herminia 6 months ago

I doubt this will actually affect their account opening.

Delisa 7 months ago

Wait, how can they mix up Iran and Ireland?

Sherita 7 months ago

Definitely, they’ll be screened incorrectly.

Dianne 7 months ago

This is a classic case of misidentification.

Afton 7 months ago

I think the answer is A because if they're misclassified, they might be seen as lower risk, but I could be wrong about that.

Phillip 7 months ago

I feel like I read something about how incorrect data can lead to account restrictions, but I can't recall if that means they can't open new accounts.

Lorita 7 months ago

This seems similar to a practice question we did about customer verification errors. I think the answer might be D, since the system could miss sanctions checks.

Crista 8 months ago

I remember we discussed how incorrect country information could affect risk assessments, but I'm not sure if it specifically leads to fewer risk points.

Acams CKYCA Exam - Topic 2 Question 10 Discussion