ACAMS
CAMS · Question #47
Which two factors should increase the risk of a correspondent bank customer and require additional due diligence according to the Wolfsberg Anti-Money Laundering Principles for Correspondent Banking?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which two factors should increase the risk of a correspondent bank customer and require additional due diligence according to the Wolfsberg Anti-Money Laundering Principles for Correspondent Banking? (Choose two.)
Options
- AThe customer is located in a Financial Action Task Force member country and provides services
- BThe customer is located in a Financial Action Task Force member country and the bank's head of
- CThe customer is located in a Financial Action Task Force member country and provides services
- DThe customer is located in a non-Financial Action Task Force member country and services
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Topics
#Wolfsberg Principles#correspondent banking#FATF membership#enhanced due diligence triggers