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Question 395

According to the Basel Committee on Banking Supervision, banks should deal with high-risk
customers by:

  • A. maintaining segregated records to enable easy inspection by law enforcement in case of a subpoena.
  • B. assigning those customers to specified private bankers for better monitoring of their offshore transactions.
  • C. performing enhanced due diligence including enhanced ongoing monitoring of the account activity. Most Votes
  • D. seeking approval from the board of directors before establishing the relationship.
Answer:

C


Explanation:
Reference:
https://www.bis.org/bcbs/basel3.htm

User Votes:
A 7 votes
50%
B 7 votes
50%
C 144 votes
50%
D 17 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 3 months ago

performing enhanced due diligence including enhanced ongoing monitoring of the account activity.

0
neginarotam
1 year, 1 month ago

C. performing enhanced due diligence including enhanced ongoing monitoring of the account activity.

0
laneshapenrose
1 year, 1 month ago

C is my answer

0
AnaA.
1 year, 1 month ago

C. effectuer une diligence raisonnable renforcée, y compris une surveillance continue renforcée de l'activité du compte.

0
adnan_shaikat
1 year, 1 month ago

C. performing enhanced due diligence including enhanced ongoing monitoring of the account activity.

0
ananthb_1976
10 months ago

My Answer is C only. Because High Risk Customers need EDD and we need to monitor their account activity

0
dion_loef
8 months ago

C. performing enhanced due diligence including enhanced ongoing monitoring of the account activity.

0
linhnguyen1811
6 months, 2 weeks ago

of cource C is the answer

0
ndhami
4 months, 1 week ago

performing enhanced due diligence including enhanced ongoing monitoring of the account activity.

0