Kyc - Study guides, Class notes & Summaries

AML EXAM 2 Questions With 100% Correct Answers FATF fulfills its stated objectives by monitoring implementation of the FATF Recommendations among its members through what - answerCompliance assessment and effectiveness assessment Which is true: 1. Egmont membership comprises national FIUs 2. Wolfsberg membership comprises central bank governors of G10 3. EU recommends legislation to be passed in member countries 4. Basel Committee levies fines on the member countries for non-compliance ...

The chance of not receiving money back in a timely manner and as agreed Credit Risk What are the Five C's of Credit & describe them Character- Lessee's reputation and performance on past obligations Cash Flow- Does the lessee have the capacity to repay? Capital- Does the lessee have the ability to withstand a setback? Collateral- What is the value of the asset securing the lease? Conditions- Terms of the contract, economic, industry Receive request, collect data, analysis, an...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

What are the Five C's of Credit & describe them - ️️Character- Lessee's reputation and performance on past obligations Cash Flow- Does the lessee have the capacity to repay? Capital- Does the lessee have the ability to withstand a setback? Collateral- What is the value of the asset securing the lease? Conditions- Terms of the contract, economic, industry What are the five areas of focus for financial ratios? - ️️1. Profitability 2. Activity 3. Liquidity 4. Leverage 5. Cas...

CPH Exam Questions & Answers 2024 When are suitability requirements not applicable? - ANSWER-For brokers who do not provide investment advice or operate as a separate legal entity How is a new product approved? - ANSWER-After review from the New product Committee What are the ethical principles for a code of ethics? - ANSWER-Trust, integrity, justice, fairness, and honesty What are the 5 Standards of Conduct? - ANSWER-Duty of Care, Trustworthiness, Honesty, and Fairness, Profession...

AML - Anti-Money Laundering APF - Acquirer Processing Fee AVS - Address Verification Service CNP - Card Not Present CVV - card verification value E2EE - end-to-end encryption ECM - excessive chargeback merchant ECP - Excessive Chargeback Program EDD - Enhanced Due Diligence EMV - Europay, MasterCard and Visa FANF - Fixed Acquirer Network Fee ISO - Independent Sales Organization IVR - Interactive Voice Response KYC - Know Your Client MCC - Merchant Catego...

Ponzi Scheme - a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation Red flags of a ponzi scheme - Investment returns that are "too good to be true" • Investment statements that show continued growth or performance contrary to market trends • Unusual/absent fee structure • Lack of substance behind the investment, such ...

Test-Bank=Introduction to Clinical Pharmacology 10th Edition=VisovskyComplete Test-Bank Chapter 01= Pharmacology and the Nursing Process in LPN Practice Visovsky=Introduction to Clinical Pharmacology=10th Edition MULTIPLE CHOICE 1. The LPN is collecting data for the initial assessment of a patient upon admission to a Long-term care facility before giving the patient’s prescribed drugs. Which action should the LPN consider to be the highest priority? a. Obtain any s...

What does suitability mean for recommendations? correct answer: It means ensuring all recommendations: - Take into account the client' s unique circumstances and investment objectives - Are based on the adviser's understanding of the client's personal and financial situation, as well as knowledge of the various available investment options What does the KYC rule state? When must it be done? correct answer: States that an advisor must use due diligence to learn the essential facts ...

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooperation. According to the Egmont Group, What is th...