ACAMS
CAMS · Question #542
CAMS Question #542: Real Exam Question with Answer & Explanation
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Question
According to the Financial Action Task Force 40 Recommendations, to fulfill identification requirements concerning legal entities, financial institutions should take measures to verify
Options
- Athe financial status of the legal entity through documented proof of the entity's other banking
- Ba person purporting to act on behalf of the legal entity who is a resident in a country with strict
- Cthe legal existence and ownership structure of the legal entity.
- Dfunds or trusts maintained by terrorists.
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