CAMS Exam Dumps | Which practices should financial institutions (FIs) adopt for the process of terminating customer relationships?

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Question 366/374

Which practices should financial institutions (FIs) adopt for the process of terminating customer relationships? (Select Three.)

A. Utilizing a flexible communication style that adapts to different customer situations during the termination process.

B. Implementing a standardized procedure for customer termination that includes risk assessments and necessary documentation.

C. Performing a final review of a customer's transaction history and records to address any unresolved issues prior to termination.

D. Keeping records of the termination process, including the justification for the decision and any correspondence with the customer.

E. Notifying the customer of the termination decision only after completing the termination process to prevent possible disputes.

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