The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the proper identification and basic information from these customers, what else should the anti-money laundering specialist recommend a financial institution do to check the background and conduct enhanced due diligence based on public information?
1. Determine if a client appears on the Basel Committee on Banking Supervision's list of public officials.
2. Investigate the source of funds.
3. Identify people and companies that are clearly related.
4. Identify a person fully, including their political history.

A Trust and Company Service Provider (TCSP) providing services should have policies and procedures in place to identify critical information of the:

The Wolfsberg Group has issued a number of documents since its inception aiming to:

Which action should financial institutions with cross border correspondent banking activity be required to perform according to the Financial Action Task Force 40 Recommendations?

Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)