Know Your Customer – Identifying and Preventing Risks (2023) by Lecturio Online Courses

Name: Know Your Customer – Identifying and Preventing Risks (2023)
Uploaded: 2022-01-19
Duration: 12 min 13 s
Description: The lecture Know Your Customer – Identifying and Preventing Risks (2023) by Lecturio Online Courses is from the course Money Laundering (2023).

About the Lecture

The lecture Know Your Customer – Identifying and Preventing Risks (2023) by Lecturio Online Courses is from the course Money Laundering (2023).

Included Quiz Questions

Why do you need to conduct a Know Your Customer audit? (Multiple answers are possible)

For the prevention of money laundering and terrorist financing
For the prevention of white-collar crime
On the prevention of cartelisation
To the market research

Who should you check with the Know Your Customer principle? (Only one answer is correct)

New and existing customers, if important data changes
New customers only
Only existing customers, if important data changes

You have acquired a new company as a customer and want to carry out a Know Your Customer audit. But who do you need to verify as the beneficial owner? (Several answers are possible)

Mr. Müller, who exercises control over the contractors.
Mrs. Peters, who initiated the transaction.
Mrs. Abel, who manages the business relationship.
Mr. Leißner, who is at your disposal as a contact person.

In which cases do you have to identify the beneficial owner? (Several answers are possible)

When establishing a new business relationship
For transactions from 15,000 euros and higher
In case of suspicion of money laundering, terrorist financing, or doubts about the identity of the authorised person
When doing business with your standard small customers

Which data of the beneficial owner do you have to collect during the Know Your Customer check? (Multiple answers are possible)