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Exam Code: C_C4H225_11

Exam Name SAP Certified Network Associate (SAP Certified Technology Associate)

Certification Provider: SAP

Corresponding Certifications: SAP Certified Technology Associate , SAP Certified Technology Associate Routing and Switching

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NEW QUESTION: 1
What are two aspects of the Wolfsberg Anti-Money Laundering (AML) Principles for Correspondent Banking? (Choose two.)
A. Factors such as politically exposed person involvement and downstream (nested) correspondents increase the risk inherent in a correspondent relationship.
B. At least one person, aside from the person sponsoring the relationship, should approve the correspondent relationship.
C. An Institution may assign a low risk rating to a correspondent bank located in a jurisdiction deemed to have an adequate AML environment (e.g., Financial Action Task Force member country) without needing to consider other factors.
D. Correspondent banking is an inherently high risk business and all correspondent bank relationships should be reviewed on an annual basis.
Answer: B,D

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