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Acams CKYCA Exam - Topic 4 Question 14 Discussion

According to a reputable financial news source, a client is being taken over by one of its competitors. The public registry has not yet reflected the ownership change. Which step should the KYC analyst take?
A) Obtain legal documents from the client corroborating its current ownership structure.
B) Follow the reputable financial news source and update the client's profile.
C) Put the KYC refresh on hold and wait for the public sources to be updated.
D) Do not change the ownership information in the profile until it is updated in the public registry.

Acams CKYCA Exam - Topic 4 Question 14 Discussion

Actual exam question for Acams's CKYCA exam
Question #: 14
Topic #: 4
[All CKYCA Questions]

According to a reputable financial news source, a client is being taken over by one of its competitors. The public registry has not yet reflected the ownership change. Which step should the KYC analyst take?

Show Suggested Answer Hide Answer
Suggested Answer: A

Until the ownership change is officially recorded in a public registry, the KYC analyst should obtain legal documents directly from the client to verify the current ownership structure and maintain accurate CDD records.


by Sabine at May 15, 2026, 11:24 AM

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Catarina
4 days ago
D) makes sense, but it could take forever to update.
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Merrilee
10 days ago
Wait, why not just follow the news? Seems like a missed opportunity.
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Holley
15 days ago
Totally agree with A, can't rely on news alone!
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Socorro
20 days ago
A) is the best choice, need legal docs for verification.
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Johnson
25 days ago
I think we should definitely wait for the public registry to update before making any changes. It just seems safer to avoid mistakes.
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Paulina
1 month ago
I feel like putting the refresh on hold might be the safest choice, but I’m torn between that and getting legal documents first.
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Adela
1 month ago
This reminds me of a practice question where we had to decide whether to trust unofficial sources. I think option B could be risky without legal documents.
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Miriam
3 months ago
I remember we discussed the importance of verifying ownership changes before updating profiles, but I’m not sure if we should wait for the public registry.
upvoted 0 times
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