Sanctions screening requirements include that a financial institution should:

Question

Options

• Areport an individual whose name appears on a sanctions list to the police.
• Bimmediately freeze the bank account of an individual that appears on a sanctions list.
• Ccompare customer and transaction records against periodically updated sanctions lists provided
• Dimmediately close the bank account of an entity who appears on a sanctions list.

• A
  13% (3)
• B
  4% (1)
• C
  78% (18)
• D
  4% (1)

Explanation

Compare customer and transaction records against periodically updated sanctions lists provided by governmental bodies. This is stated in the Certified Anti-Money Laundering Specialist (the 6th edition) manual on page 595, which states: "Sanctions screening requirements include that a financial institution should compare customer and transaction records against periodically updated sanctions lists provided by governmental bodies."

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