What is one recommendation of the Basel Committee’s 2001 paper Customer Due Diligence for Banks”?

What is one recommendation of the Basel Committee’s 2001 paper Customer Due Diligence for Banks”?
A . Numbered accounts should not be allowed
B . Certain types of private banking can be exempt from KYC procedures
C . Banks should develop dear descriptions of acceptable customers
D . Politically Exposed Persons (PEPs) should not be accepted as customers

Answer: C

Latest CAMS Dumps Valid Version with 190 Q&As

Latest And Valid Q&A | Instant Download | Once Fail, Full Refund

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments