Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Acams Exam CAMS Topic 1 Question 72 Discussion

Actual exam question for Acams's CAMS exam
Question #: 72
Topic #: 1
[All CAMS Questions]

Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Dorothy at Apr 25, 2024, 09:27 PM

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Shasta
9 months ago
I'm not sure, but I think A could also be a correct answer. Local wealthy individuals may also require due diligence checks.
upvoted 0 times
...
Julian
9 months ago
I disagree, I believe the correct answer is B. Beneficial owners of exchange houses are considered high-risk and require due diligence.
upvoted 0 times
...
Julian
10 months ago
I think the answer is C. The AML principles of the Wolfsberg group require due diligence actions for high-risk individuals.
upvoted 0 times
...
Justine
10 months ago
Because high-risk countries require extra scrutiny to prevent money laundering and terrorism financing.
upvoted 0 times
...
Armando
10 months ago
Why is that the correct answer?
upvoted 0 times
...
Justine
11 months ago
C) A wealthy individual from a high-risk country wants to open an account with a private bank.
upvoted 0 times
...
Ivette
11 months ago
Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?
upvoted 0 times
...

Save Cancel