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ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 96 Topic 10 Discussion

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ACAMS Certified Anti-Money Laundering Specialist (the 6th edition) CAMS Question # 96 Topic 10 Discussion

CAMS Exam Topic 10 Question 96 Discussion:
Question #: 96
Topic #: 10

Which of the following measures isone that the FATF recommends that Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) taketo mitigate risks arising from business relationships withforeign politically exposed persons (PEPs)?
A.

Subscribe tocommercial databasesto assist in the detection of PEPs.

B.

Raisetransaction monitoring thresholdsfor PEP accounts in automated systems to account forhigher transaction valuesandcomplex legal vehicles.

C.

Requireapproval from the prudential regulatorfor entering into or continuing the business relationship.

D.

Establish processes tounderstand the PEP’s source of wealth and source of funds, and to refresh that understanding regularly.

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Actual exam question for ACAMS CAMS exam by Juno8635 at Aug 2, 2025, 12:00:00 AM

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