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[General] CKYCA Valid Exam Answers & Latest CKYCA Exam Forum

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【General】 CKYCA Valid Exam Answers & Latest CKYCA Exam Forum

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You can be a part of this wonderful community. To do this you just need to pass the ACAMS CKYCA certification exam. Are you ready to accept this challenge? Looking for the proven and easiest way to crack the ACAMS CKYCA certification exam? If your answer is yes then you do not need to go anywhere. Just download ActualTorrent CKYCA exam practice questions and start Association of Certified Anti Money Laundering (CKYCA) exam preparation without wasting further time. The ActualTorrent CKYCA Dumps will provide you with everything that you need to learn, prepare and pass the challenging ActualTorrent ACAMS CKYCA exam with flying colors. You must try ActualTorrent CKYCA exam questions today.
The Association of Certified Anti-Money Laundering Specialists (ACAMS) is a well-known organization that offers certification programs in the field of anti-money laundering (AML) and financial crime prevention. The ACAMS Certified Know Your Customer Associate (CKYCA) exam is one of the most sought-after certifications in the AML industry. Association of Certified Anti Money Laundering certification is designed to help professionals develop the skills and knowledge necessary to prevent money laundering and terrorist financing.
The Association of Certified Anti Money Laundering Specialists (ACAMS) is a professional organization that offers certifications, training, and other resources to individuals and organizations working in the anti-money laundering (AML) and financial crime prevention field. One of the most recognized certifications offered by ACAMS is the Certified KYC (Know Your Customer) Associate (CKYCA) certification exam.
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ACAMS CKYCA Exam Syllabus Topics:
TopicDetails
Topic 1
  • Customer Profile Documentation and Presentation: This section of the exam measures the skills of Compliance Documentation Specialists and focuses on the proper recording and presentation of customer information. It includes applying data privacy requirements, understanding the ramifications of data errors, creating objectively crafted customer profiles, maintaining proper audit trails, and reviewing and updating customer profiles based on periodic reviews or triggering events.
Topic 2
  • Customer Verification and Identification: This section of the exam measures the skills of Compliance Officers and covers the foundational processes of identifying and verifying customer identities. It involves assessing required information based on customer type, completing verification procedures, evaluating account purpose with attention to shell companies and tax compliance, identifying ultimate beneficial ownership, and reviewing existing customer information based on account activity patterns and changes.
Topic 3
  • Customer Screening: This section of the exam measures the skills of Screening Specialists and encompasses the procedures for screening customers against various watchlists. It involves conducting sanctions compliance checks, exploring primary and secondary sources for customer information including adverse media, and assessing the reliability of gathered information. A key component is distinguishing between material and immaterial hits from sanctions screening and transaction monitoring systems.
Topic 4
  • Enhanced Due Diligence: This section of the exam measures the skills of Due Diligence Analysts and covers advanced investigation procedures for higher-risk customers. It involves identifying and documenting sources of wealth, examining complex ownership structures to determine ultimate beneficial ownership, and making evidence-based recommendations regarding customer retention or termination. The section also includes performing detailed account activity reviews and determining when to escalate for additional enhanced due diligence.
Topic 5
  • Customer Risk Rating: This section of the exam measures the skills of Risk Analysts and focuses on evaluating customer risk levels. It includes assessing risk based on core categories including customer profile, product type, country risk, and distribution channels. The domain covers recognizing key red flags for financial crimes, analyzing risk associated with assets under management, and evaluating risk scores against organizational risk appetite and escalation protocols.

ACAMS Association of Certified Anti Money Laundering Sample Questions (Q29-Q34):NEW QUESTION # 29
Shell companies can only be established as single purpose entities?
  • A. No.
  • B. Yes.
Answer: A

NEW QUESTION # 30
What is the First Line of Defense? (FLOD)
  • A. The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.
  • B. The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.
  • C. The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.
Answer: A

NEW QUESTION # 31
What corporate vehicles can a money launderer hide behind, where it is difficult to identify the beneficial owner? (SELECT 4)
  • A. Private investment companies.
  • B. Trusts.
  • C. Regulated investment advisors
  • D. Shell companies.
  • E. Sole Proprietors.
Answer: A,B,D,E

NEW QUESTION # 32
According to a reputable financial news source, a client is being taken over by one of its competitors. The public registry has not yet reflected the ownership change. Which step should the KYC analyst take?
  • A. Do not change the ownership information in the profile until it is updated in the public registry.
  • B. Follow the reputable financial news source and update the client's profile.
  • C. Put the KYC refresh on hold and wait for the public sources to be updated.
  • D. Obtain legal documents from the client corroborating its current ownership structure.
Answer: D
Explanation:
Until the ownership change is officially recorded in a public registry, the KYC analyst should obtain legal documents directly from the client to verify the current ownership structure and maintain accurate CDD records.

NEW QUESTION # 33
What is the Second Line of Defense? (SLOD)
  • A. The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.
  • B. The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.
  • C. The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.
Answer: A

NEW QUESTION # 34
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Latest CKYCA Exam Forum: https://www.actualtorrent.com/CKYCA-questions-answers.html
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