Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
When should Customer Due Diligence be carried out?
When should Customer Due Diligence be carried out?
- At the end of a business relationship
- At regular intervals during the relationship (correct)
- Only for high net-worth individuals
- Only when the customer requests it
What triggers the need for enhanced CDD?
What triggers the need for enhanced CDD?
- The number of transactions made by the customer
- The customer's age
- Suspicious activity or news reports about money laundering (correct)
- The customer's nationality
Flashcards are hidden until you start studying
Study Notes
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
