A. They are a more affordable way of setting up a business in certain countries in the Caribbean.
B. They can't be traced to a central registry because whoever carries them is the purported owner.
C. They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
D. Tax haven countries and their strict secrecy laws can further conceal the true ownership.
E. They can be held under agreement by professionals as another layer of secrecy.
A. Find out what the account will be used for, and the level of activity your organization should expect to see.
B. Understand the ownership structure and to track back to the ultimate beneficial owners and controllers.
C. Discover the type of business your customer undertakes.
A. Usually a High Risk Product
B. Usually a Medium Risk Produce.
C. It depends on the Anti-Money Laundering program.
D. Usually a Low Risk Product.
A. Improve the quality of your KYC Program.
B. Improve the quality of your KYC Files.
C. Improve the quality of your KYC Research.
D. Improve the quality of the KYC Rule.
A. Detective Controls.
B. Preventative Controls.
C. Premeditated Controls
D. Incorrect Controls
E. Corrective controls.
A. Financial.
B. Reputational.
C. Insurance.
D. Regulatory.
A. Bribery Act 2010
B. The Foreign Corrupt Practices Act of 1977
C. International Anti-Bribery Act of 1998
D. Corruption of Foreign Public Officials Act
