Advanced-CAMS-Audit Exam Dumps : Advanced CAMS-Audit Certification Exam

Self-declaration or Beneficial ownership should not be accepted as it is not adequate.

Overseas shareholders not involved in the customer's dally operations are not beneficial owners.

The purpose and intended nature of the business relationship were not reviewed m the assessment.

The ultimate beneficial owners of the customer need to be Identified and verified.

If this was a face-to-face customer, the overall customer risk rating should be changed to low.

Ask the account officers whether the CDD and KYC information provided is correct.

Confirm with client onboarding teams whether or not high-risk customers exist.

Review the accuracy of the gap analysis of the CDD and KYC policies and procedures against local regulations.

Evaluate the results of the sample testing of new and existing customer relationships for adherence to the CDD and KYC process.

Confirm if suspicious activity reports were filed following escalation for non-compliance with the CDD and KYC process.

Available resources and board of directors' commitment

Responsible action owner and internal audit commitment to follow up

Reporting the breach and the regulatory response

Target completion date and status update on remedial action