Free Acams CKYCA Actual Exam Questions - Question 4 Discussion

Isn't relying only on news risky without client confirmation? A seems safer.

Maybe A makes more sense since relying solely on the public registry could delay important updates. Getting legal docs directly from the client offers a more immediate and reliable confirmation of ownership changes.

A/D? I think A makes sense if you can get the legal docs straight from the client to confirm the new ownership. Waiting for the official registry update alone (D) might delay important changes, especially if the takeover is already public knowledge. But without those docs, D is safer to avoid incorrect info. So, if possible, request legal proof first instead of just relying on public registry or news stories.

D imo, official records are the safest source. Even if news reports say otherwise, sticking to verified public registry info avoids mistakes in the client profile.

A/D? Better to get legal docs but also not update prematurely without official registry update.

Maybe C makes sense too. Holding off on updating until the public registry is updated avoids premature changes, especially if official confirmation hasn’t come through yet. Better to wait than risk mistakes.

It’s A because relying on just news reports without legal proof seems risky for KYC. Getting official documents from the client directly confirms the ownership status and helps avoid potential errors. Waiting for the public registry alone might delay necessary updates, so having legal docs is a more solid approach before making changes.

This is tricky but I’d go with D. The public registry is the official record, so it’s safer not to update until it’s reflected there. Changing stuff too soon might cause compliance headaches. D

Maybe D is the best bet here since the public registry is the official record. Changing ownership info too early could cause errors, so better to keep things as is until it’s confirmed there.

I’m thinking option C could be a practical move too—holding off until the public registry updates might avoid any premature changes that could cause confusion. Public registries are official, so waiting ensures accuracy. But would pausing the KYC refresh mean missing any risks associated with the takeover in the meantime? Maybe there’s a way to document the news source internally without changing ownership info? That might balance caution with awareness.

Option D feels safest since public registries are the official source. Changing info before it’s verified publicly could cause compliance issues or confusion internally. Waiting avoids rushed decisions.

It’s A for me. Relying solely on news or public registry delays isn’t enough since those can lag or be inaccurate. Getting legal documents directly from the client gives solid proof of ownership, which is what KYC needs. Waiting for the public registry or just following the news without confirmation feels risky. You can still flag internally that there’s an update pending, but the main step should be securing official paperwork first to confirm the actual ownership status.

A imo, since relying on news alone isn’t solid enough to update profiles.

B/D? Relying solely on news feels risky, but waiting for official registry updates might delay necessary action. Maybe a temporary flag in the system could balance the risk until confirmation.

C imo. Waiting for the public registry to update makes sense since it’s the official record, but putting the refresh on hold avoids premature changes based only on news. That keeps things safe until confirmed.

D imo. Public registries are the official source for ownership changes, so it’s safer not to update the profile until that info is confirmed there. News sources can be wrong or premature, and jumping the gun might cause compliance issues. Better to wait for the formal update rather than rely on secondary info.

I think A makes the most sense here—get legal docs from the client to confirm ownership before updating anything. Public registry might lag behind, so relying on that alone seems risky.