Free ACAMS CKYCA Exam Dumps Questions & Answers

Which key elements should be included in CDD?

• A.  Account type, court records, open source intelligence information, and a list of reasons to maintain the customer
• B.  Customer overview, nature of business or occupation, geographic profile, and summary of red flags C Risk assessment statement risk appetite description and the risk presented by the customer
• C.  Customer type, related accounts and activity totals, industry information, and a peer business summary

Non-documentary verification is checking the information the customer provides against? (SELECT 3)

• A.  Audited Statements.
• B.  Proprietary databases.
• C.  Public records.
• D.  Credit reports.
• E.  Email confirmation.

Which customer type represents the highest risk of money laundering to a financial institution?

• A.  Accounting firm
• B.  Wholesale food distributor
• C.  Construction company
• D.  Payment service provider

What is the Primary Money Laundering Regulation in the United Kingdom?

• A.  Proceeds of Crime Act
• B.  Proceeds of Terrorism Act
• C.  UK AML Sanctions Regime
• D.  The Money Laundering and Terrorist Financing (Amendment) Regulation 2019

Shell companies can only be established as single purpose entities?

• A.  Yes.
• B.  No.