Title: Reliable ACAMS CKYCA Study Plan, Test CKYCA Passing Score [Print This Page] Author: mattfos145 Time: yesterday 16:11 Title: Reliable ACAMS CKYCA Study Plan, Test CKYCA Passing Score 2026 Latest TestkingPass CKYCA PDF Dumps and CKYCA Exam Engine Free Share: https://drive.google.com/open?id=1fSqx5vu6g6kn5Olyi_2xWwNlpu7sgEVn
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Achieving ACAMS CKYCA Certification is a mark of distinction for professionals in the AML field. It demonstrates a high level of knowledge and understanding of AML regulations and best practices, and can lead to increased job opportunities and higher salaries. Additionally, certification holders are required to maintain their knowledge and skills through continuing education, ensuring that they stay up-to-date on the latest developments in the field of AML.
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The CKYCA Certification Exam is ideal for professionals who are involved in the KYC process, including customer identification, due diligence, and risk assessment. Association of Certified Anti Money Laundering certification is particularly useful for individuals who work in the banking, financial services, and regulatory sectors. Association of Certified Anti Money Laundering certification exam covers a range of topics, including the regulatory landscape, KYC policies and procedures, risk assessment, and customer due diligence. ACAMS Association of Certified Anti Money Laundering Sample Questions (Q77-Q82):NEW QUESTION # 77
A bank's business team has developed a new strategy, which includes the introduction of prepaid cards as a new high-risk product offering. The compliance team has proposed to impose a monetary limit on each prepaid card and limit the offering to the existing customers of the bank only. Which best describes the risk impact of the controls proposed by the compliance team?
A. Inherent risk will increase
B. Residual risk will decrease.
C. Residual risk will increase.
D. Inherent risk will decrease.
Answer: B
Explanation:
Inherent risk is the natural risk before controls are applied. The compliance team's measures (monetary limits and restricting to existing customers) reduce the exposure to misuse, thereby lowering the residual risk - the risk that remains after controls are implemented.
NEW QUESTION # 78
When is comes to Enhanced Due Diligence (EDD) regulators require you to do a perfect job on the client.
A. TRUE.
B. FALSE.
Answer: B
NEW QUESTION # 79
Shell companies can only be established as single purpose entities?
A. No.
B. Yes.
Answer: A
NEW QUESTION # 80
From 2010 to 2018, a company had an average turnover of 1 million USD. In 2019, the turnover increased to 8 million USD. When asked for the reason of the increase, the company claims that business increased and refuses to give any further explanation despite several attempts at requesting information. Which is the best next step?
A. Make a note to check next year's turnover.
B. Note to make a suspicious activity report if the increased turnover continues.
C. Continue to ask for an explanation of the increased business.
D. File a suspicious activity report as soon as possible.
Answer: D
Explanation:
A sudden, unexplained, and significant increase in turnover, combined with the customer's refusal to provide supporting information, is a strong money laundering red flag and should trigger the immediate filing of a suspicious activity report.
NEW QUESTION # 81
KYC does not end after on-boarding a customer. (TRUE OR FALSE)
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