What are the pillars of Customer Due Diligence?
A transaction monitoring program helps the Bank to: Identify, mitigate and manage ML/TF/PF Risks. Identify and report suspicious matters to the FIU and meet ongoing customer due diligence and enhanced customer due diligence obligations
What are the benefits of TMS?
A transaction which is beyond a customer’s normal capability & wealth, but which the customer is able to justify with required documents is known as?
Pillars of TMS include _____
What is the purpose of AML/CFT compliance in banks?
Which of the following is an unusual activity?
In compliance terminology, red-flag means?
Sections __ & __ of MLPA speaks to TMS?
