What is an essential element of Know Your Customer (KYC) standards according to the Basel Committeeג€™s Customer Due Dil
Posted: Wed Mar 09, 2022 7:10 am
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committeeג€™s Customer Due Diligence for Banks paper?
A. Annual staff training
B. A customer acceptance policy
C. The same KYC requirements must be applied in all cases
D. All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
A. Annual staff training
B. A customer acceptance policy
C. The same KYC requirements must be applied in all cases
D. All completed KYC documents must be reviewed by a senior manager not involved in the account opening process