CAMS Exam Dumps | A financial institution has expanded its scope of services so that it is attracting the business of politically

<< Prev Question Next Question >>

Question 89/189

A financial institution has expanded its scope of services so that it is attracting the business of politically exposed persons (PEPs) who had previously never been part of the customer base.
Which two courses of action should the compliance officer include in the institution's procedures for considering PEPs as customers? (Choose two.)

A. Obtain appropriate senior management approval for establishing a business relationship with a PEP from a high risk country

B. Expedite due diligence when a PEP is pre-approved by a member of senior management

C. Take adequate measures to establish the source of wealth and source of funds which are involved in the business relationship or occasional transaction

D. Conduct enhanced ongoing monitoring of the business relationship

Recent Comments (The most recent comments are at the top.)

UMMER FAROOK - Aug 08, 2024

Senior management approval is required not only for a pep from high risk country, but any pep. but enhanced ongoing monitoring and assessing source of wealth and fund is required for any high risk customer include peps.

answer is CD

SAQIB RASHEED - Oct 29, 2021

thank you

Question 89/189

Recent Comments (The most recent comments are at the top.)

LEAVE A REPLY

Download PDF File