In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on Banking Supervision
(BCBS). What is a key message in this document?

A.
KYC Risk Management required a yearly consolidation effort

B.
KYC Risk Management means as established decentralized process for promulgating policies and
procedures

C.
Policies and procedures should be designed not merely to comply strictly with all relevant laws and
regulations

D.
Consolidated KYC risk management for a group is critical and trumps jurisdictional rules hat limit
information sharing