ACAMS
CAMS · Question #409
A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 an
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers
Options
- AProhibition on offering products or services to shell banks
- BRisk-based rating of central banks and regional development banks
- CPeriodic risk-based reviews of cents
- DAssessing the regulatory status and history of the client
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Topics
#Wolfsberg Principles#correspondent banking#shell banks#periodic reviews