Correct Answer:
A
KYC integration is fundamental to ensuring that anti-money laundering controls are effective from
the outset of client onboarding. Delayed implementation of KYC increases the risk of onboarding
high-risk customers without adequate due diligence.
Advanced CAMS-Audit documentation stresses the importance of embedding KYC into business
processes during product design and rollout phases to mitigate risks.
Neglecting this requirement can expose the organization to severe regulatory penalties and
reputational damage.
