Under a risk based approach is a PEP risk manageable If a customer discloses during the KYC, or Know Your Customer process?

• A.No, PEPs do not need to disclose their status, it is up to the financial institution to find that information out and determine the risk.
• B.No, PEPS are do not fit within the risk tolerance of an organization.
• C.Yes, He or she is the spouse of a government official, closely related to the government official
• D.Yes, PEPS need bank accounts and access to financial investment products like everyone else.

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What is a regional risk (SELECT 3)

• A.Port Cities.
• B.Lax Immigration Controls.
• C.High Intensity Financial Crime Areas (HIFCA)
• D.Global Financial Centers
• E.Free Trade Zones.

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What risks are you looking for when a client has requires Enhanced Due Diligence (EDD) (Select 3)

• A.Integrity.
• B.Transaction Risks.
• C.Litigation Risks.
• D.Political Risks.
• E.Bank Risks.

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Why is Private Banking Higher Risk? (SELECT 2)

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

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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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