What are four key elements that a KYC program should contain according to the Basel Committee requirements?

What are four key elements that a KYC program should contain according to the Basel Committee requirements?
A . Customer onboarding, sanction monitoring, customer acceptance, customer due diligence
B. Customer identification, risk assessment, customer screening, monitoring
C. Customer onboarding, risk monitoring, customer acceptance, enhanced due diligence
D. Customer identification, risk management, customer acceptance, monitoring

View Answer

Answer: D

Explanation:

Reference: https://www.bis.org/publ/bcbs77.pdf