ACAMS
CAMS · Question #921
According to the Financial Action Task Force (FATF) Recommendation 22. when involved in customer transactions that include the buying and selling of real estate, real estate professionals are…
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
According to the Financial Action Task Force (FATF) Recommendation 22. when involved in customer transactions that include the buying and selling of real estate, real estate professionals are required to apply which customer due diligence (CDD) measures? (Select Two.)
Options
- AObtaining prior senior manager approval for all related transactions
- BUnderstanding the purpose of the business relationship
- CPerforming adverse media searches on the customer
- DIdentifying and verifying the customer's identity
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Topics
#FATF Recommendation 22#real estate CDD#DNFBPs#customer identity verification