Online Access Free CKYCA Exam Questions

CDD encompasses the entire lifecycle of due diligence?

• A.CIP, EDD, SDD.
• B.CDD, EDD, SDD.
• C.CIP, SDD, EDD.
• D.CIP, CDD, EDD.

A foreign customer claims as source of wealth the sale of inherited real estate. Which would be an appropriate next step in the verification process?

• A.Obtain a bank reference letter
• B.No further evidence is required for inheritance.
• C.Obtain the sale contract.
• D.Visit the inherited real estate to verity the existence.

A person disclosing to any other person, information or any other matter, which is likely to prejudice a money laundering investigation is known to be?

• A.Tipping off
• B.Dipping off
• C.Ripping off
• D.Dripping off

Company A is owned by Company B (80%) and Individual W (20%). Company B is owned equally by Company C and Individual X.
Company C is owned by Individual Y (60%), Individual W (10%) and Individual Z (30%).
Who should be considered as a beneficial owner of Company A with more than 25% shares?

• A.Individual Z
• B.Individual W
• C.Individual Y
• D.Individual X

In relation to account activity, which is an example of tipping off?

• A.Disclosure of a suspicious transaction report to the subject of that report
• B.Disclosure of information to a regulatory body
• C.Request of additional information with respect to a client's behavior
• D.Disclosure of inside information based on KYC knowledge of a specific client