Financial Risk Manager Part 2
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Ultimate access to all questions.
Which of the following statements is TRUE about Jack Ryan's application?
A
Jack's identity must be established and verified before carrying out any transactions
B
Because Jack is a high-risk customer, the bank is required to avoid him like any high-risk customer
C
Because Jack already has an account at a reputable bank, he can be classified as low risk and well-identified
D
If Jack is a politically exposed person (PEP), he can be classified as low-risk on the assumption that the media already vets him and he cannot evade scrutiny.