CAMS Exam Dumps | Which step should financial institutions take when complying with sanctions requirements?

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Question 47/374

Which step should financial institutions take when complying with sanctions requirements?

A. Adopt automatic screening systems to detect designated persons and entities.

B. Change the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continue monitoring further transactions.

C. Conduct enhanced due diligence (EDD) for prohibited entities on the sanctions list.

D. Freeze the funds or assets of designated persons and entities once this decision is approved by the board.

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