CAMS-RM Practice Questions - ACAMS Certified AFC Risk Manager (formerly Advanced CAMS-RM) Exam

The 5th BSA pillar, added by the 2018 FinCEN CDD Final Rule, requires institutions to:

File CTRs for all cash transactions over $5,000 Maintain risk-based CDD procedures including beneficial ownership identification Conduct independent testing every six months Designate a separate sanctions compliance officer

Correct Answer:

Maintain risk-based CDD procedures including beneficial ownership identification

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