A financial institution's (FI's) policy is to apply enhanced due diligence (EDD) for every new...

Vendor: ACAMS
Product: CAMS
Update on: Mar 7, 2026
Questions: 395

ACAMS CAMS Question Answer

A financial institution's (FI's) policy is to apply enhanced due diligence (EDD) for every new client to ensure the effectiveness of the program.

How should a consultant advise the FI's management team?

Suggest the FI needs to implement a risk-based approach for EDD.

Suggest the management team select the clients that are chosen for EDD.

Suggest the management team ask the regulator for advice on EDD measures.

Suggest EDD for 50% of the clients is appropriate.

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