Giao dịch, Tài khoản & Hành vi cấmCâu 265 / 398
A firm's Customer Identification Program is a required component of which broader compliance framework?
a.The firm's marketing and advertising review
b.The firm's anti-money-laundering (AML) program
c.The firm's dividend reinvestment plan
d.The firm's proxy voting policy
Giải thích
CIP is a mandatory part of a firm's AML compliance program under the USA PATRIOT Act. By verifying customer identity at account opening, CIP supports the broader goal of preventing money laundering and terrorist financing.
Trích dẫn luật: USA PATRIOT ActLuyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A firm mixes customer securities with the firm's own securities in a way that puts customer assets at risk if the firm fails. This prohibited practice is called:
- To close a sale, a representative tells a customer that a corporate bond is 'guaranteed by the FDIC and can never lose money.' The statement is false. This is an example of:
- The Bank Secrecy Act (BSA) and related anti-money-laundering rules primarily require financial firms to do what?
- A firm notices a customer making a pattern of transactions that appear designed to hide the source of funds, with no apparent lawful business purpose. Which report is most appropriate?
- A Currency Transaction Report (CTR) generally must be filed when a customer conducts a cash transaction exceeding what amount in a single business day?
- A customer repeatedly deposits cash in amounts of $9,500 to $9,800, seemingly to stay just under the $10,000 CTR threshold. This behavior is a classic AML red flag known as:
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