ACI
3I0-012 · Question #267
3I0-012 Question #267: Real Exam Question with Answer & Explanation
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Question
The popularity of FX-trading via Internet platforms has serious implications for the applicability of traditional rules such as "Know Your Customer". Which of the following are correct?
Options
- A"Know Your Customer" rules cannot be applied online and banks will have to rely instead on new
- B"Know Your Customer" rules apply only to retail customers and are therefore irrelevant to currency trading.
- CIn practice, banks can avoid "Know Your Customer" rules by limiting online deal size to EUR 100,000.00
- DNo trading should be carried out without first identifying and setting up the counterparty; this includes
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