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

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

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