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Exam CKYCA All Questions
Exam CKYCA All Questions

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ACAMS AML CKYCA Question # 5 Topic 1 Discussion

CKYCA Exam Topic 1 Question 5 Discussion:
Question #: 5
Topic #: 1

A longstanding client asks to open two additional accounts, one for a trust and one for private equity investments. The trust account will be funded with dividends stemming from the investments as well as a one-off transfer from one of the client's existing accounts. As a first step, a KYC analyst should properly document the:


A.

initial transfer from the client's existing account


B.

beneficiary/beneficiaries of the trust


C.

dividends from the private equity investments.


D.

transactions between the two new accounts.


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