A compliance officer is developing an anti-money laundering program for a financial institution located in a Financial Action Task Force member country. The institution conducts business with customer

A compliance officer is developing an anti-money laundering program for a financial institution located in a Financial Action Task Force member country. The institution conducts business with customers located in countries/jurisdictions that are not members of Financia Action Task Force. Which of the following issues should be addressed in the program? 1. The requirement to identify the beneficial owners of accounts. 2. The requirement for customer identification for the opening of new accounts. 3. The financial institution's obligation to report suspicious transactions. 4. The obligation to freeze funds involved in suspicious transactions.