ACAMS
CAMS · Question #126
What is the most effective criterion for determining the beneficial ownership of funds?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
What is the most effective criterion for determining the beneficial ownership of funds?
Options
- AHaving signature authority over the account
- BBeing the person in whose name an account is opened with a financial institution
- CHaving control over such funds or entitlement to such funds
- DBeing a person who is the trusted party in a correspondent banking relationship
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Topics
#beneficial ownership#fund control#account ownership#CDD