What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee's Customer Due Diligence for Banks paper?

• A.The same KYC requirements must be applied in all cases
• B.All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
• C.A customer acceptance policy
• D.Annual staff training

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You deploy an infrastructure for a big data workload.
You need to run Azure HDInsight and Microsoft Machine Learning Server. You plan to set the RevoScaleR compute contexts to run rx function calls in parallel.
What are three compute contexts that you can use for Machine Learning Server? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.

• A.SQL
• B.Spark
• C.local parallel
• D.HBase
• E.local sequential

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What three attributes do havens for money laundering and terrorist financing typically have? Choose 3 answers

• A.Little enforcement of the laws, weak penalties or provisions that make it difficult to confiscate or freeze assets related to money laundering
• B.Absence of an effective FIU
• C.Limited types of institutions and persons covered by money laundering laws and regulations
• D.A large number of predicate crimes for money laundering

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A government has instituted a new anti-money laundering laws which require all financial institutions to obtain certain information from its customers.
Which step should an institution located in this jurisdiction take to ensure compliance?

• A.Change procedures to require that the necessary information is obtained
• B.Change procedures and systems as necessary and provide employee training
• C.Send a notice to customers asking them to provide the necessary information
• D.Change systems to ensure the required information is automatically obtained from all customers

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What is the goal of the Egmont Group in providing a forum for Financial Intelligence Units (FIUs) around the world?

• A.To provide a forum for FIUs to improve cooperation in the fight against money laundering and the financing of terrorism and to foster the implementation of domestic programs in this field.
• B.To improve international laws to combat money laundering and the financing of terrorism and foster the implementation of domestic programs.
• C.To improve cooperation with state and federal governments in the fight against money laundering and the financing of terrorism and to foster the implementation of domestic programs in this field.
• D.To improve communication with law enforcement in the fight against money laundering and the financing of terrorism and to foster the implementation of domestic programs in this field.

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