SP Registration and Authentication Process

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What is the recommended authentication method for users?

Use the MLRO approval number and CDD review

Use the bank account number and registration date

Use the SPC name + SP name and registration number (correct)

Use the company name and registration number

What is the purpose of requesting proof of registration from the SP?

To verify the company's existence (correct)

To verify the company's trading liquidity

To verify the company's registration number

To verify the company's bank account

What happens if the user's account is stolen and they want to reject the account?

They can request for the Police filing receipt

They can request to KYC0 and re-authenticate a new account (correct)

They can consult the MLRO to see if additional documentation is required

They can escalate the case to the compliance officer

What is the next step if the case is escalated to the compliance officer?

Internal account approval Signup and view all the answers

What is the purpose of the Corporate Escalated Cases tracker?

To track escalated cases for compliance Signup and view all the answers

What is the role of the MLRO in the registration process?

To review escalated cases Signup and view all the answers

What should be collected from key roles/interlayer companies from a restricted country?

POA docs Signup and view all the answers

What triggers the manual verification process by CDD agents?

Submission of verification by the customer Signup and view all the answers

What is the next step after ensuring no WC true hit is found and checking the company's status?

Escalate the case to the MLRO Signup and view all the answers

What is the legal structure of a privately owned operating company?

LLC/Corporation Signup and view all the answers

What type of company is owned by a government?

Government-owned company Signup and view all the answers

What is the purpose of the flow chart in the company registration process?

To illustrate the process/procedure for CDD agents Signup and view all the answers

What is the purpose of providing a country/region of incorporation in the company registration process?

To establish the company's legal jurisdiction Signup and view all the answers

What type of document is typically required as proof of address during the company registration process?

Proof of address document Signup and view all the answers

What is the primary purpose of providing a registered address in the company registration process?

To receive official mail and notices Signup and view all the answers

In the company registration process, what is the purpose of identifying the principal place of business?

To identify the company's operational location Signup and view all the answers

How many times is the country/region of incorporation required to be provided in the company registration process?

Three times Signup and view all the answers

What type of question is used to ask if the principal place of business is the same as the registered business address?

Radio question Signup and view all the answers