CAMS Exam Dumps | Which two individuals are ordinarily beneficial owners of a private banking account according to the

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Question 71/292

Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)

A. Those two are authorized signers on the account

B. Those who have legal title to a controlling share interest in the customer

C. Those who generally have ultimate control through ownership or other means over the funds in the account

D. Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence

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