Money Laundering Flashcards
1
Q
Requirements
A
Customer due diligence
Enhanced due diligence
Simplified due dilligence
2
Q
Penalties
A
14 yrs in prison or an unlimited fine
5 yrs if the person is tipped off about laundering
Requirements
Customer due diligence
Enhanced due diligence
Simplified due dilligence
Penalties
14 yrs in prison or an unlimited fine
5 yrs if the person is tipped off about laundering