CAMS Exam Dumps | Whichmeasures should financial institutions (FIs) take when complying with sanctions requirements?

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Question 253/346

Whichmeasures should financial institutions (FIs) take when complying with sanctions requirements?

A. Adopt automatic screening systemsto 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 assetsof designated persons and entities once this decision is approved by the board.

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