Free Acams CKYCA Actual Exam Questions - Question 8 Discussion

It’s B because initial CDD needs a good customer overview and red flags to assess risk early on, which A and D don’t really cover properly.

C, because related accounts and industry info are key for understanding customer context.

C imo, it feels like the most practical in terms of what you actually need for CDD. Having customer type and related accounts is crucial for spotting suspicious links. Plus, industry info and peer summaries give a good benchmark to compare typical behavior. B focuses more on risk statements and red flags but misses some of those concrete details you get with C that help flesh out the customer’s profile. So while B touches on risk, C seems stronger for the actual groundwork in due diligence.

D seems solid because understanding customer type and related accounts helps spot unusual activity or connections that could signal risk. Plus, knowing industry info and peer summaries gives context to whether the customer’s behavior fits typical patterns, which is important for ongoing monitoring. This feels more practical and data-driven compared to the other options.

A/C? A mentions court records and a list of reasons to maintain the customer, which could help assess risk beyond just basic info. C adds peer business summary, which might show how the customer compares in the industry.

Maybe D makes sense here since it emphasizes customer type and related accounts, which are important to understand connections and activity patterns in CDD. It’s more focused on actual data rather than broad statements.

Option B covers key customer info and red flags, which are essential basics for CDD.

B/C? I’m not sure about including risk appetite in CDD itself, seems more like an internal policy thing, which makes me question B a bit. But C talks about related accounts and peer business, which feels more like ongoing monitoring than the initial due diligence. So neither is perfect, but B’s focus on customer overview and red flags matches what I usually see in CDD, even if risk appetite is a bit off. A seems out with court records and reasons to maintain the customer—that’s more like legal or account review stuff.

B. This option covers the basics like understanding the customer’s business and location, plus it flags potential risks, which are core parts of customer due diligence in most contexts.

This question’s missing clarity on what kind of CDD it’s referring to—financial, legal, or something else? The options mix different elements, so knowing the exact context would help narrow it down.