Exam CKYCA Topic 3 Question 119 Discussion

Actual exam question for ACAMS's CKYCA exam
Question #: 119
Topic #: 3
A KYC analyst is onboarding a client based in a known offshore jurisdiction. Based on the client's incorporation documentation and statement, the purpose of the company is to hold the shares of its subsidiary. Public records and registers indicate that the registered address is also used by multiple other legal entities. Which CDD step should the KYC analyst take?

Suggested Answer: B Vote an answer

The combination of being in an offshore jurisdiction, having a registered address shared by many entities, and acting only as a holding company raises a high risk of the client being a shell company, requiring Enhanced Due Diligence (EDD).

by Rosalind at Jun 29, 2026, 05:22 PM

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