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ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 59 Topic 6 Discussion

ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS Question # 59 Topic 6 Discussion

CAMS Exam Topic 6 Question 59 Discussion:
Question #: 59
Topic #: 6

The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee's customer due diligence (CDD) principles.

Which of the following describe key improvements to a KYC program established in the Basel Committee's CDD principles? (Select Two.)


A.

Implementation of a blacklist of correspondent customers with previously detected and investigated suspicious activity


B.

Enhancement of a customer acceptance policy to more clearly identify high-risk customers


C.

Increased frequency of training provided to front office employees


D.

Enhancement of customer identification procedures to appropriately identify trust, nominee, and fiduciary accounts


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