To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?

exams CAMS V1 CAMS exam 0 Comments

To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?
A . Adequate surety bonds, cash deposits, or equivalencies
B. Comprehensive compliance programs
C. Prospective owners have prior experience in the area of finance
D. Thorough due diligence on prospective owners

Answer: D