Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
You must check the history notes to understand why a client's account is restricted before lifting the restriction.
You must check the history notes to understand why a client's account is restricted before lifting the restriction.
True (A)
It is necessary to have a SOF document only for Low-Risk Clients.
It is necessary to have a SOF document only for Low-Risk Clients.
False (B)
You may lift a restriction on a client's profile without checking the KYC documents.
You may lift a restriction on a client's profile without checking the KYC documents.
False (B)
The Source of Wealth history notes are required for all clients.
The Source of Wealth history notes are required for all clients.
Signup and view all the answers
Approval from a Line Manager is not necessary to un-restrict a client's profile.
Approval from a Line Manager is not necessary to un-restrict a client's profile.
Signup and view all the answers
Flashcards are hidden until you start studying
Study Notes
Unrestricting Client Profiles
- KYC documents must be in order: POI, POR, and correct profiling are essential
- SOF document requirements: Ensure SOF document is present for High-Risk Clients, and SOF amount matches what is captured on Customer1st
- Source of Wealth (SOW) documentation: Check history notes for SOW where applicable
- Line Manager approval required: Referral to Line Manager necessary for approval to un-restrict the profile
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
