Which two factors should increase the risk of a correspondent bank customer and require additional due diligence accordi
Posted: Wed Mar 09, 2022 7:24 am
Which two factors should increase the risk of a correspondent bank customer and require additional due diligence according to the Wolfsberg Anti-Money
Laundering Principles for Correspondent Banking? (Choose two.)
A. The customer is located in a Financial Action Task Force member country and provides services primarily to a local individual customer.
B. The customer is located in a Financial Action Task Force member country and the bankג€™s head of information security is a politically exposed person.
C. The customer is located in a Financial Action Task Force member country and provides services to other correspondent banks in neighboring countries.
D. The customer is located in a non-Financial Action Task Force member country and services mostly commercial customers who engage in international trade.
Laundering Principles for Correspondent Banking? (Choose two.)
A. The customer is located in a Financial Action Task Force member country and provides services primarily to a local individual customer.
B. The customer is located in a Financial Action Task Force member country and the bankג€™s head of information security is a politically exposed person.
C. The customer is located in a Financial Action Task Force member country and provides services to other correspondent banks in neighboring countries.
D. The customer is located in a non-Financial Action Task Force member country and services mostly commercial customers who engage in international trade.