ACAMS
CAMS · Question #390
CAMS Question #390: Real Exam Question with Answer & Explanation
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Question
Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?
Options
- AA local wealthy individual wants to become a customer of a local retail bank.
- BA beneficial owner of an exchange house wants to open an account with the bank.
- CA wealthy individual from a high-risk country wants to open an account with a private bank.
- DA new customer asks to set up an exchange house using the bank as the correspondent.
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