Free ACAMS CKYCA Exam Dumps Questions & Answers

During an EDD process for a business customer, which document is the best source to identify and obtain details on the source of funds?

• A.Articles of incorporation
• B.Financial statements
• C.Utility bill
• D.Company's website

Which is a preferred source of non-documentary verification?

• A.Employer records
• B.University student identification
• C.Driver's license
• D.Credit report

What is the advantage of Bearer Shares? (SELECT 3)

• A.They can't be traced to a central registry because whoever carries them is the purported owner.
• B.They are a more affordable way of setting up a business in certain countries in the Caribbean.
• C.Tax haven countries and their strict secrecy laws can further conceal the true ownership.
• D.They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
• E.They can be held under agreement by professionals as another layer of secrecy.

For benefitial ownership, the exact account-opening procedures and customer acceptance policies will depend on the type of? (SELECT 3)

• A.Product.
• B.Customer.
• C.Geography.
• D.Risk.
• E.Local Regulations.

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.

• A.TRUE.
• B.FALSE.