CAMS Exam Dumps | A financial institution's (Fl's) policy is to apply enhanced due diligence (EDD) for every new client

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Question 90/292

A financial institution's (Fl's) policy is to apply enhanced due diligence (EDD) for every new client to ensure the effectiveness of the program. How should a consultant advise the Fl's management team?

A. Suggest the management team select the clients that are chosen for EDD.

B. Suggest the management team ask the regulator for advice on EDD measures.

C. Suggest EDD for 50% of the clients is appropriate.

D. Suggest the FI needs to implement a risk-based approach for EDD.

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