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

When considering sharing information across the institution or within the same jurisdiction, the key legal issue that poses challenges to sharing customer-related information is data protection and privacy laws. Data protection and privacy laws exist in most countries and can vary significantly from jurisdiction to jurisdiction.
These laws place restrictions on how customer data can be used, shared, and stored, and can limit the ability of financial institutions to share customer-related information with each other. Additionally, these laws may also require financial institutions to take additional steps to ensure the protection of customer data.

Ongoing Due Diligence: FATF emphasizes the importance of continuous monitoring of business relationships and transactions. This involves regularly assessing the risk associated with a customer and ensuring that the information remains up-to-date. It includes monitoring transactions for any suspicious activity or red flags.
Beneficial Owners: Identifying beneficial owners is crucial, but it must be done with verification of their true identity. This is part of the initial due diligence process.
Risk Assessment: Conducting risk assessments is essential, but it is not specific to customer due diligence.
Risk assessment applies broadly to anti-money laundering (AML) programs.
Products and Services Suitability: While understanding the suitability of products and services is relevant, it is not a direct measure within customer due diligence.
References:
Anti-Money Laundering Specialist (the 6th edition) resources.
FATF 40 Recommendations (Recommendation 10: Customer Due Diligence).1
CFATF Technical Articles (Customer Due Diligence Measures).2

The default global list of terms in Azure Content Moderator is sufficient for most content moderation needs.
However, you might need to screen for terms that are specific to your organization. For example, you might want to tag competitor names for further review.
Use the List Management API to create custom lists of terms to use with the Text Moderation API. The Text - Screen operation scans your text for profanity, and also compares text against custom and shared blacklists.
Incorrect Answers:
B: Use the Text Moderation API in Azure Content Moderator to scan your text content. The operation scans your content for profanity, and compares the content against custom and shared blacklists.
References:
https://docs.microsoft.com/en-us/azure/cognitive-services/content-moderator/try-terms-list-api