CAMS Exam Dumps | What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee's

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Question 127/374

What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee's Customer Due Diligence for Banks paper?

A. Annual staff training

B. A customer acceptance policy

C. The same KYC requirements must be applied in all cases

D. All completed KYC documents must be reviewed by a senior manager not involved in the account opening

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