![]() CATEGORIES: BiologyChemistryConstructionCultureEcologyEconomyElectronicsFinanceGeographyHistoryInformaticsLawMathematicsMechanicsMedicineOtherPedagogyPhilosophyPhysicsPolicyPsychologySociologySportTourism |
Lecture 10. Additional measures for specific customers, entities and professionsKey terms · politically exposed persons (PEPs) · foreign PEPs · domestic PEPs · home country operations · foreign operations · applicable threshold · reporting requirements
Key questions · Give the definition and classification of PEPs. · List prominent public functions that a PEP can be entrusted with. · Can a middle ranking individual be classified as a PEP? · Which measures in addition to normal CDD procedure should a financial institution implement when it has determined that a customer is a foreign PEP? · What should a bank do in the course of determining that a client is a domestic PEP? · List the measures applicable to a domestic PEP in case of a higher risk. · Up to which extend should the financial institution apply AML/CFT requirements of the home country to foreign operations? · What should the financial institution do if the AML/CFT legislature of the host country does not permit full implementation of the AML/CFT requirements of the home country? · The AML/CFT legislature of a host country does not permit full implementation of the AML/CFT requirements of the home country. What can home country supervisors request the financial group to do with its foreign operations in the country? · Which recommendations related to CDD and RBA are applicable to DNFBP? · Define the circumstances under which CDD measures are applicable to casinos. · Under which circumstances is a dealer in precious metals required to perform CDD and to file an STR? · A lawyer and a real estate agent are involved in a transaction for their client and are required to perform CDD. What is this transaction? · Which transactions for their clients do independent accountants need to perform in order to fall under AML/CFT record keeping requirements? · Whom should real estate agents identify in transactions regarding buying and selling real estate? · To what must a casino be able to link the CDD information? · List the circumstances when a lawyer is subject to professional secrecy and is exempt from sending an STR. · What is unique about the way a notary can file an STR? · To which types of independent accountants should the reporting activities be extended? · An independent legal professional finds out that his customer is trying to engage in illegal activity. Name a specific feature of tipping-off by this professional.
Date: 2015-01-29; view: 993
|