According to the 5th EU Money Laundering Directive, member states require entities to apply
enhanced customer due diligence measures with respect to business relationships or transactions
involving high-risk third country nationals. Which are included in these requirements? (Choose
three.)
D, E, F
Obtaining the approval of senior management for establishing or continuing the business relationship, Obtaining information on the reasons for intended or performed transactions and Obtaining information on the source of funds and source of wealth of the customer and of the beneficial owner(s)
A D F are the corretc answers
A. Obtaining the approval of senior management for establishing or continuing the business relationship
F. Obtaining information on the source of funds and source of wealth of the customer and of the beneficial owner(s)
A. Obtaining the approval of senior management for establishing or continuing the business relationship
F. Obtaining information on the source of funds and source of wealth of the customer and of the beneficial owner(s)
A. Obtaining the approval of senior management for establishing or continuing the business relationship
F. Obtaining information on the source of funds and source of wealth of the customer and of the beneficial owner(s)
D. Obtenir des informations sur les raisons des transactions envisagées ou réalisées
E. Obtention des références fiscales du client
F. Obtention d'informations sur l'origine des fonds et la source du patrimoine du client et du ou des bénéficiaires effectifs
A D f - its promoting record keeping, 1 national registry for BO 2 cooperation between supervisors & regular for info sharing 3- high risk 3rd countries * comply with FATF *Risk profile *AML is a crime *Record keeping *CDD, STR *effective sanction * and info about BO -SR mgmt approval -info about the reason of trx 4 pre paid card 150 5 EDD for PEP list PEP members 5- extend to RE,Auditers, accountant, art dealer, custodian wallets 7- VC Flat C too be under supervisio
The Fifth Directive added a streamlined EDD approach when transacting with high-risk countries, including:
o Collecting additional information on the customer, the beneficial owner and the nature of the business relationship, including source of funds and source of wealth
o Obtaining approval of senior management for business relationships
o Enhancing the monitoring of those entities, including obtaining information on the reasons for the intended or performed transactions
A. Obtaining the approval of senior management for establishing or continuing the business relationship, D)Obtaining information on the reasons for intended or performed transactions, F)Obtaining information on the source of funds and source of wealth of the customer and of the beneficial owner(s)
As in the Fith Directive
A D F is correct.
Obtaining information on the reasons for intended or performed transactions