The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles.
Which essential elements should be included in the program? (Choose two.)
C, E
Explanation:
Reference:
https://www.bis.org/publ/bcbs77.pdf
the correct answer id C and D
Yes! I had the same response too, but it says here the correct answer is C & E !
C. Documenting a customer acceptance policy
E. Reporting suspicious activity
Documenting a customer acceptance policy and establishing on-going monitoring of high-risk accounts.
The correct answer is C and D.
It absolutely is C and D
A. Appointing an independent audit function
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
B. Conducting a money laundering risk assessment
E. Reporting suspicious activity
B. Conducting a money laundering risk assessment
D. Establishing on-going monitoring of high-risk accounts
B. Réaliser une évaluation des risques de blanchiment de capitaux.
D. Établir une surveillance continue des comptes à haut risque.
D. D. Réalisation d’une évaluation des risques de blanchiment d’argent
D. Mise en place d’une surveillance continue des comptes à haut risque
B. Réaliser une évaluation des risques de blanchiment de capitaux
C. Documenter une politique d'acceptation du client
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
It will be both C and D.
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
The correct answers C, E
The most correct answer is C, E.
Documenting a customer acceptance policy
C. Documenting a customer acceptance policy
,Establishing on-going monitoring of high-risk accounts, Conducting a money laundering risk assessment
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
I would have thought D would be applicable also.
Conducting a money laundering risk assessment
Documenting a customer acceptance policy
Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
Establishing ongoing monitoring
Establishing on-going monitoring of high-risk accounts
Conducting a money laundering risk assessment
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Its just okay
Conducting a money laundering risk assessment and Reporting suspicious activity
Conducting a money laundering risk assessment
E. Reporting suspicious activity
Reporting suspicious activity Conducting a money laundering risk assessment
Documenting a customer acceptance policy and Reporting suspicious activity
. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
4 Key elements: customer identification, risk management, customer acceptance policy and ongoing monitoring. So C&D.
accomplish the foreign policy and national security goals of the US.
Conducting a money laundering risk assessment
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
10 CHARACTERS OR MORE
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
E. Reporting suspicious activity
B, D are correct
B.Conducting a money laundering
d.high risk accounts
C&D is correct answer
Appointing an independent audit function
Conducting a money laundering risk assessment
B. Conducting a money laundering risk assessment
C. Documenting a customer acceptance policy
C. Documenting a customer acceptance policy
E. Reporting suspicious activity
Conducting a money laundering risk
Documenting a customer acceptance policy
C & D is the answer
Documenting a customer acceptance policy
Reporting suspicious activity
Reporting suspicious activity
Conducting a money laundering risk assessment and Establishing on-going monitoring of high-risk accounts
Establishing on-going monitoring of high-risk accounts
Conducting a money laundering risk assessment
Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
E. Reporting suspicious activity
Documenting a customer acceptance policy and Establishing on-going monitoring of high-risk accounts
Not: A or B: because they are principles of AML/CFT Program not KYC
Not: D because "monitoring" is always for suspicious activities not only for high risk
so the closest answer are C and E
D and E is the answer as per Basel principle
Conducting a money laundering risk assessment
Answers are B, D
B. Conducting a money laundering risk assessment
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
E. Reporting suspicious activity
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
C and E are the answers
C. Documenting a customer acceptance policy
Conducting a money laundering risk assessment
Documenting a customer acceptance policy and Establishing on-going monitoring of high-risk accounts
Conducting a money laundering risk assessment
Documenting a customer acceptance policy
Basel's KYC principles, developed by the Basel Committee on Banking Supervision, focus on establishing a robust framework for financial institutions to identify and manage risks related to customer due diligence, money laundering, and terrorist financing.
Conducting a money laundering risk assessment, Reporting suspicious activity
A. Appointing an independent audit function
B. Conducting a money laundering risk assessment
B. Conducting a money laundering risk assessment
E. Reporting suspicious activity
C. Documenting a customer acceptance policy
C. Documenting a customer acceptance policy
Documenting a customer acceptance policy
C. Documenting a customer acceptance policy
Conducting a money laundering risk assessment
Conducting a money laundering risk assessment
Documenting a customer acceptance policy
Conducting a money laundering risk assessment & Establishing on-going monitoring of high-risk accounts
C. Documenting a customer acceptance policy
D. Establishing on-going monitoring of high-risk accounts
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accomplish the foreign policy and national security goals of the US.
Documenting a customer acceptance policyEstablishing on-going monitoring of high-risk accounts
Reporting suspicious activity
Appointing an independent audit function & Establishing on-going monitoring of high-risk accounts