Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)

Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)
A . Those who are authorized signers on the account
B . Those who have legal title to a controlling share interest in the customer
C . Those who generally have ultimate control through ownership or other means over the funds in the account
D . Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence

View Answer

Answer: CD

Explanation:

Reference: https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/wolfsberg-standards/10.% 20Wolfsberg-Private-Banking-Prinicples-May-2012.pdf (2)