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ACFCS Financial Crime SpecialistExam CFCS Question # 92 Topic 5 Discussion

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ACFCS Financial Crime SpecialistExam CFCS Question # 92 Topic 5 Discussion

CFCS Exam Topic 5 Question 92 Discussion:
Question #: 92
Topic #: 5

During a sanctions compliance audit, it is discovered that ABC Company, a corporate client of a financial institution, has subsidiaries operating in countries subject to comprehensive sanctions. What is the financial institution’s obligation regarding its business relationship with ABC Company?
A.

Immediately terminate all business relationships with ABC Company and its subsidiaries.

B.

Conduct enhanced due diligence on ABC Company and its subsidiaries to assess sanctions risk.

C.

Continue business relationships with ABC Company while monitoring transactions involving its subsidiaries.

D.

Seek approval from senior management before taking any action regarding the business relationship.

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Actual exam question for ACFCS CFCS exam by Rael1266 at Aug 2, 2025, 12:00:00 AM

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