Acams Exam CAMS Topic 1 Question 80 Discussion

Actual exam question for Acams's CAMS exam

Question #: 80
Topic #: 1

[All CAMS Questions]

When an existing customer becomes a politically exposed person (PEP), what should the KYC analyst do during the review/refresh period?

ASeek the compliance officer's advice before marking the authorized signatory as PEP.

BUpdate the new authorized signatories in the customer profile.

CPerform enhanced due diligence for the customer and update the KYC profile.

DUpdate the list of signatories and perform enhanced due diligence in the next periodic refresh cycle.

Show Suggested Answer

Suggested Answer: C, E

by Stanton at Jul 17, 2024, 09:55 PM

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lynna

3 days ago

B? Really? That's just updating the signatories, not the important PEP stuff. I'm going with C, gotta stay on top of those regulatory requirements, you know? Although, who knows, maybe the compliance officer drinks a little too much coffee and will just mark it all as PEP anyway.

upvoted 0 times

...

Rozella

4 days ago

Hmm, I'm pretty sure it's C. You gotta do that enhanced due diligence right away when a customer becomes a PEP. Can't wait for the next refresh cycle, you know? Otherwise, the compliance officer might give you an earful.

upvoted 0 times

...