Introduction to Managed Services Flashcards
1
Q
Stages of Money Laundering?
A
Placement, Layering, Integration
2
Q
What are the fundamental KYC ( Know Your Customer) Questions?
A
Who is the customer?
How do they get their money?
What do they spend it on?
Does it make sense?
3
Q
What is the Transaction Monitoring Process?
A
Alerts To Cases To SARS
4
Q
What is the Know Your Customer Process?
A
CIP/CDD Verification
Watch List Alerts
EDD
High Risk Customer Reviews
5
Q
What are some type of projects/ why banks choose us?
A
Look Back, Back log, Business as Usual