Posted by: Pdfprep
Post Date: October 26, 2020
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?
A . Annual staff training
B . A customer acceptance policy
C . The same KYC requirements must be applied in all cases
D . All completed KYC documents must be reviewed by a senior manager not involved in the account opening process
Answer: B
Leave a Reply