Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for PrivateBanking? (Choose two.)
What are two legal risks of having inadequate privacy policies and procedures? (Choose two.)
Which method to launder money through deposit-taking institutions is closely associated with international trade?
A foreign bank operating under an offshore license wants to open a correspondent account with a United States (U.S.) bank. The foreign bank plans to provide payable through account services to some of its customers.What must the foreign bank provide to the U.S. bank under the USA PATRIOT Act?
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee's Customer Due Diligence for Banks paper?
A politically exposed person (PEP) maintains an account at a bank. Last month a money laundering analyst filed a suspicious transaction report about unusual wire deposits originated by unknown individuals in the home country of the official. Recently a negative news search revealed political corruption in the home country of the official.To whom should this situation be escalated?
