ACAMS
CAMS · Question #13
Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)
Options
- AThose two are authorized signers on the account
- BThose who have legal title to a controlling share interest in the customer
- CThose who generally have ultimate control through ownership or other means over the funds in
- DThose who are the ultimate source of funds for the account and whose source of wealth should
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Topics
#beneficial ownership#Wolfsberg Principles#private banking#ultimate control