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ACAMS AML CKYCA Question # 8 Topic 1 Discussion

CKYCA Exam Topic 1 Question 8 Discussion:
Question #: 8
Topic #: 1

A politically exposed person (PEP) wants to open an account with a financial institution and provides no evidence for source of wealth.

Which procedure should the financial institution follow?
A.

Accept the customer without any evidence for the customer’s source of wealth.

B.

Condition the acceptance of the customer on receiving evidence for the customer's source of wealth

C.

Reject the customer on the basis of being a PEP and possibly corrupt

D.

Accept the customer and request source of wealth evidence during next year’s updating procedures.

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Actual exam question for ACAMS CKYCA exam by Flint98658 at Sep 8, 2025, 7:58:24 PM

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