Unjustifiable or unreasonable Frequency, Complex Transactions, No Economic Justification, No lawful objective, In consistent Pattern/Profile are the fundamentals of___________
“Natural Person(s) for the account or for whom the benefit of a transaction is executed or for whom a commercial relation is established” is referred to as __________
What is the definition of Customer Due Diligence?
In dealing with PEPs, CBN requires that?
What is the meaning of KYC?
What Section of MLPA (2011) (As Amended) talks about Customer Due Diligence?
Below are some of the Pillars of Customer Due Diligence except?
What are the Principles Risk Management? i. Identify Risks through Red flags, Mitigate Risk using Internal Control/Audit ii. All suspicious accounts must be closed, No PEP should be allowed into the system iii. Watch out for Residual Risks, SDD for Low and EDD for High iv. Escalate to Senior Management if necessary, Seek Compliance Advice
Section 6 MLPA 2011 (As Amended) talks about ______?