CAMS Exam Dumps | Following a recent exercise which explained how a correspondent banking operation could be used by money

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Question 37/332

Following a recent exercise which explained how a correspondent banking operation could be used by money launderers, an anti-money laundering specialist decided to re-write the due diligence procedures for entering into agreements with foreign financial institutions. Which of the following information should be included to establish a rigorous "Know Your Respondent" procedure?
1. Respondent's management, nature of license, and major business activity.
2. Computer equipment and software capability.
3. The quality of supervision in the home country.
4. Respondent's location, in particular the existence of a real physical presence.

A. 1, 3, and 4 only

B. 1, 2, and 3 only

C. 1, 2, and 4 only

D. 2, 3, and 4 only

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