Acams CKYCA Exam - Topic 4 Question 22 Discussion

Question

In regards to ongoing CDD, financial institutions should ensure:

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A) they apply a risk-based approach on the frequency of customer profile reviews.

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B) a yearly review of information they maintain on all customers for consistency and efficiency.

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C) a thorough CDD process during customer onboarding so that periodic reviews are unnecessary.

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D) the customer profile is reviewed prior to every transaction in order to make sure the information is unchanged or current.