MENU
In May 2002, the Wolfsberg Principles on Private Banking were revised and included a section that prohibits the use of internal non-client accounts in a manner that would prevent officials from appropriate monitoring movements of funds or keep clients from being linked to the movement of funds on their behalf.
What is another name for these internal, non-client accounts?
Suggested Answer: C
Get Premium CAMS Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
http://www.wolfsberg-principles.com/privat-banking.html(1.2.2, 5th bullet)
11 comments · newest first
SH
Shawnda
1 year ago
I had no idea these accounts even existed!
MA
Margarita
1 year ago
Seems like a tricky area, but I lean towards concentration accounts too.
JA
Jamal
1 year ago
Wait, are we sure about that? I thought they were called trust accounts.
KI
Kimbery
1 year ago
Totally agree, concentration accounts make sense here.
IR
Ira
1 year ago
I think they're called concentration accounts.
WI
William
1 year ago
Hmm, I'm not too familiar with DLP, so I'll have to think this through carefully.
LO
Lourdes
1 year ago
Hmm, I'm a bit confused about the connection security rule and how that might impact the tracert command. I'll need to review the details on that.
BA
Bambi
1 year ago
Hmm, this looks like a tricky one. I'll need to think through the different configuration options carefully.
AN
Annice
1 year ago
I'm a bit confused on this one. Is there something about the Microsoft Trust Center that could be relevant for securing the report?
FA
Fabiola
1 year ago
I think the right answer might be the Control-policy. I remember practicing something similar where we had to influence routing decisions.
JI
Jillian
1 year ago
This looks straightforward. I'll focus on the key activities mentioned in the question and check which ones are supported by the production floor execution interface.