Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Acams CKYCA Exam - Topic 5 Question 13 Discussion

As part of the source of wealth investigation of a high-net-worth individual, the compliance department at a private bank is tasked with obtaining documentary evidence pertaining to a family trust, through which the client's assets are controlled. KYC identification efforts should primarily include the:
B) trust deed including trustees, settlors, and beneficiaries.
A) bank statements for investigation of transaction patterns.
C) client asset declaration, open source, and public databases.
D) details of nominees (if any) and trust intermediaries.

Acams CKYCA Exam - Topic 5 Question 13 Discussion

Actual exam question for Acams's CKYCA exam
Question #: 13
Topic #: 5
[All CKYCA Questions]

As part of the source of wealth investigation of a high-net-worth individual, the compliance department at a private bank is tasked with obtaining documentary evidence pertaining to a family trust, through which the client's assets are controlled. KYC identification efforts should primarily include the:

Show Suggested Answer Hide Answer
Suggested Answer: B

The trust deed is the primary legal document that establishes the trust and identifies the trustees, settlors, and beneficiaries, making it essential for verifying the structure, control, and legitimacy of the client's assets.


by Tasia at May 06, 2026, 09:42 AM

Limited Time Offer

25%

Off

Get Premium CKYCA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Alfreda
4 days ago
I think B is the best choice.
upvoted 0 times
...
Kathrine
10 days ago
Not sure if all this info is really necessary for a family trust.
upvoted 0 times
...
Leonida
15 days ago
D is also important, but B is key for KYC.
upvoted 0 times
...
Marion
20 days ago
Surprised that the trust deed isn't the top priority!
upvoted 0 times
...
Iraida
25 days ago
I think bank statements are more crucial for transaction patterns.
upvoted 0 times
...
Mona
1 month ago
Definitely need the trust deed for clarity.
upvoted 0 times
...
Pete
1 month ago
I think it’s definitely between B and D, but I lean towards B since it gives the foundational details about the trust structure.
upvoted 0 times
...
Roxane
3 months ago
I’m a bit confused; could bank statements also be relevant for KYC? I feel like they might help, but they don’t directly relate to the trust itself.
upvoted 0 times
...
Justine
3 months ago
I remember practicing a similar question where the trust deed was emphasized, so I feel like option B is probably the right choice here.
upvoted 0 times
...
Tarra
3 months ago
I think the trust deed is really important because it outlines who is involved in the trust, but I'm not entirely sure if it's the primary focus for KYC.
upvoted 0 times
...

Save Cancel