All of the above
Potential Ex - Convicted Person
Politically Engaged Person
Politically Exposed Person
Poorly Explained Potential
Know Your Customer
Monitor Customers manually
Customer Due Care
Customer Due Diligence
Entering in the system
A) Licensed under a financial services regulator
B) A reputable law firm
C) Known to the bank
A) The bank may want to visit the prospect
B) The utility bill shows the monthly expenses
C) The home address coupled with the name is evidence of a place of residence
A) When your company has special expertise in due diligence procedures
B) When you rely on due diligence procedures performed by others
C) When specific pre-defined circumstances occur, which demand increased due diligence
Customer Facing Staff
Unrealistic wealth compared to profile.
Trades with no/little benefits and losses without concern.
Large/rapid movement of funds.
All the above.
Cash intensive business eg money transfer, casinos etc.
Customers with complex structures that make identifying ownership difficult.
A PEPs stockbroker.
A customer whose ownership structure is through 'bearer shares'.
Other regulated financial institutions.
Government and Public Authorities.
Board of Directors
Senior Management & Staff
All of the Above
Say nothing and hope that it will go away
Inform your Compliance officer or Manager
Discuss it with the client
Contact the Police
Financial Action Task Field
Financial Aging Terror Fund
Financial Action Task Force
Financial Laundering Task Force
You could be held guilty of an offence and liable to a fine or imprisonment.
You will carry on at work as normal
The MLRO will be held guilty of an offence and liable to a fine or imprisonment.
Nothing will happen
A customer cancels a transaction and requests to do a second transaction for a less amount in order to avoid providing ID
A customer requests an unusually high dollar transaction and cannot explain the reason for the transaction or the source of funds
A customer appears nervous and asks unusual questions
A customer tries to bribe a teller
All these activities
Unusual volume of payment destinations, often with the same provider
Player wagers on both casino and sportsbook
Numerous withdrawals, just under the qualifying threshold
Player uses an E-wallet
Multiple and frequent deposits followed by multiple and frequent withdrawals, either shortly afterwards or overlapping further deposits
All of the above
None of the above