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Questions? Please fill this form and our team will get in touch.
Questions? Please fill this form and our team will get in touch.
The Customer Acceptance Policy (CAP) of the Bank is a
significant document in determining the basis on which the Bank
enters into relationships with its customers. An inadequate CAP
or the deficient execution of the CAP can expose the Bank to
serious compliance, legal, financial and reputational risks.
Banks acknowledge only those customers whose identity is
established by conducting due diligence appropriate to the risk
profile of the customer. Gathering adequate and relevant
information about the client before the relationship is
established is the 1st effective step toward defense against the
Bank being utilized as the medium to launder the proceeds of
crime or to finance terrorism.
For more information visit:
https://www.wagonseducation.com/
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