Which are essential elements of a KYC program identified by the Base1 Committee on Banking Supervision?
(Select Two.)
Which three circumstances are indicators for defining a customer as required additional diligence according to the Wolfsberg Principles on Private Banking? Choose 3 answers
In the summer, an institution identifies anti-money laundering concerns regarding a customer's account activity. The customer, an ice cream, has deposited a lot of checks drawn on banks in foreign countries, sent large number of high dollar international wires to different countries, made cash deposits of a few hundred dollars every few days and written multiple checks for a few hundred dollars to the same dozen payees every two weeks.
Which two transaction types warrant investigation? (Choose two.)
What does the Financial Action Task Force 40 Recommendations address on transparency of beneficial ownership?
What should an employee do after witnessing suspicious activity from a coworker?
