Cams Exam Quesiton No 37

Question No 37:

A financial institution is looking to establish an online account opening service. The institution plans to offer this product to new and existing customers within the country. Which of the following would be the best plan of action for an AML specialist to recommend enabling the institution to verify the customer's identity?

A. Do not offer the product, as it is too high risk as the customer cannot be seen to verify their identity.
B. Require all customers to send a copy of valid photo identification to the institution.
C. Ensure that the institution has a reliable third party source that will enable verification of the customer.
D. Allow customers to enter required information, but require all customers to come to the institution in person for verification.

Answer: C