Why is Private Banking Higher Risk? (SELECT 2)

• A.They almost exclusively use structures that are on secretive jurisdictions.
• B.They use Transactions that attempt to mask true ownership.
• C.They use products which are designed for clients with a greater risk tolerance.
• D.Transactions may be confidential.

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What is legal risk? (SELECT 2)

• A.An employee who commits a crime unrelated to the organization.
• B.An employee who commits a crime unrelated to the organization.
• C.A warning from a regulator.
• D.An organization breaks laws when doing business.

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Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)

• A.High.
• B.Low.
• C.Moderate.
• D.Medium.
• E.Very High.
• F.EDD-High.

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Who will review KYC files to determine whether you are complying with your jurisdiction's laws and regulations

• A.Law Enforcement
• B.Compliance
• C.The KYC Analyst
• D.Regulators

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What prohibits US companies and individuals from paying bribes to foreign officials in furtherance of a business deal. It has extraterritorial reach?

• A.The Foreign Corrupt Practices Act of 1977
• B.Bribery Act 2010
• C.International Anti-Bribery Act of 1998
• D.Corruption of Foreign Public Officials Act

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