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?
What are the benefits of TMS?
What are the pillars of Customer Due Diligence?
In compliance terminology, red-flag means?
Pillars of TMS include _____
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
Sections __ & __ of MLPA speaks to TMS?
What is the purpose of AML/CFT compliance in banks?
Which of the following is an unusual activity?
