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NEW QUESTION: 1
What is one recommendation of the Basel Committee's 2001 paper Customer Due Diligence for Banks"?
A. Certain types of private banking can be exempt from KYC procedures
B. Numbered accounts should not be allowed
C. Banks should develop dear descriptions of acceptable customers
D. Politically Exposed Persons (PEPs) should not be accepted as customers
Answer: C

NEW QUESTION: 2
What should you do to assess A customer level of knowledge?
A. Assume the customer has a basic level of knowledge
B. Ask open questions
C. Provide more detailed explanations
D. Ask closed questions
Answer: D

NEW QUESTION: 3
Instant Messaging (IM) allows a user to message each other in real-time.
A. FALSE
B. TRUE
Answer: B

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