CKYCA Dumps PDF – CKYCA Real Exam Questions Answers [Q16-Q38]

NEW QUESTION 16
When is Enhanced Due Diligence (EDD) used?

NEW QUESTION 17
For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?

NEW QUESTION 18
What of the following countries are considered Tax Havens? (SELECT 2)

NEW QUESTION 19
The overall customer risk rating is usually derived as a composite of the following four categories of risk in money laundering prevention.
What are the those four?

NEW QUESTION 20
What is the purpose of having controls to Know Your Customer, also known as KYC?

NEW QUESTION 21
The minimum level of Customer Due Diligence that is required when opening a new account includes the following? (SELECT 4)
What type of locations is the account going to be transacting with. (Correct)
Why this account is being opened? (Correct)
What type of people does the customer associate with?

NEW QUESTION 22
If you need to reach out to the client for more information and/or verification regarding the Enhanced Due Diligence (EDD) Process. should the KYC employee reach out directly to the client themselves and not the a relationship manager or equivalent.

NEW QUESTION 23
An individual customer with a regular job and a salary opening a savings account would be?

NEW QUESTION 24
What stage is the explore step in the 4 step process with regards to the 4-step research model?

NEW QUESTION 25
The Source of Funds and the Source of Wealth must be? (SELECT 2)

NEW QUESTION 26
Non-documentary verification is checking the information the customer provides against? (SELECT 3)

NEW QUESTION 27
For the second prong, the control prong, an organization must collect the identity of one person who exercises control over the company.
Which below are deemed acceptable? (SELECT 3)

NEW QUESTION 28
The ownership of a legal person is often described as having two prongs. The first one is the beneficial owner, this is the natural or legal person who owns the entity and who benefits from its activities. The second one is called?

NEW QUESTION 29
What risk increases with non-face-to-face business relationships or transactions, or when payments are sent to or received from unknown or unassociated third parties.

NEW QUESTION 30
Who is your customer?

NEW QUESTION 31
What are the two types of Politically Exposed Persons (PEPS) that are identified by The Financial Action Task Force? (SELECT 2)

NEW QUESTION 32
CDD encompasses the entire lifecycle of due diligence?

NEW QUESTION 33
Under a risk based approach is a PEP risk manageable If a customer discloses during the KYC, or Know Your Customer process?

NEW QUESTION 34
What industries are often exploited by criminals (SELECT 3)

NEW QUESTION 35
Shell and Shelf Companies are usually what level of customer risk?

NEW QUESTION 36
Which documents rates countries based on their money laundering controls and corruption? (SELECT 2)

NEW QUESTION 37
Is collecting identification a legal requirement in jurisdictions?

NEW QUESTION 38
What is the Primary European Union Money Laundering regulation?