For benefitial ownership, the exact account-opening procedures and customer acceptance policies will depend on the type of? (SELECT 3)

• A.Geography.
• B.Product.
• C.Risk.
• D.Customer.
• E.Local Regulations.

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Delivery Channel Risk is associated with? (SELECT 3)

• A.Savings accounts
• B.Correspondent banks.
• C.Concentration accounts
• D.Deposit accounts
• E.Payable through accounts.

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Which action should be considered a possible red flag, indicating to a bank that the activity might warrant further investigation?

• A.Making multiple cash deposits just under the reporting threshold
• B.Adding a new beneficial owner after the establishment of the business relationship
• C.Opening a new account without a local telephone number or utility bill
• D.Sending large amounts of money to family in their home country with known sources of income

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In the Customer Identification Program (CIP) What are the basic information required to identify a legal person is? (SELECT 3)

• A.Legal Name.
• B.Identification number issued by government.
• C.Source of Wealth.
• D.Address, including legal and place of business.
• E.Source of Funds.

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When is comes to Enhanced Due Diligence (EDD) regulators require you to do a perfect job on the client.

• A.TRUE.
• B.FALSE.

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