Mini training aid—AML—CDD—post-training assessment answers—law firms

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • Mini training aid—AML—CDD—post-training assessment answers—law firms

Mini training aid—AML—CDD—post-training assessment answers—law firms

QuestionAnswers
1. Which of these is not part of our client due diligence (CDD) process?(b) Sending the client our anti-money laundering and counter-terrorism financing policy
2. When should you conduct CDD measures on an existing client?(c) When a transaction is inconsistent with your knowledge of the client
3. Which is not a level of client due diligence?(b) Limited due diligence (LDD)
4. On which of these client types must you always conduct enhanced due diligence (EDD)?(b) Politically exposed persons (PEPs)
5. When is it appropriate to conduct

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