Acams CKYCA Exam - Topic 4 Question 14 Discussion

Actual exam question for Acams's CKYCA exam

Question #: 14
Topic #: 4

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?

AObtain legal documents from the client corroborating its current ownership structure.

BFollow the reputable financial news source and update the client's profile.

CPut the KYC refresh on hold and wait for the public sources to be updated.

DDo not change the ownership information in the profile until it is updated in the public registry.

Show Suggested 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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