Banking Assignment, APU, Malaysia As a member of the AML, CDD checks need to be performed for the potential client, GMT due to the nature of the business
| University | Asia Pacific University (APU) |
| Subject | Banking |
As a member of the AML, CDD checks need to be performed for the potential client, GMT due to the nature of the business activity as a dealer in dealing with precious metals.
An effective CDD process involves identifying and identifying the identity of clients as well as understanding the purpose and nature of the business relationships.
Thus, prior to updating to Board, the CDD process is fundamental to:
- Prevent reporting intuitions from creating anonymous and fictitious accounts1 and
- Access the extent of money laundering (ML)
Based on the nature of the client’s business, it is clearly classified under Inherent Risk which is defined as the possibility of inaccurate information appearing in a financial statement due to error or omission, not a failure of internal controls. It is most likely to occur when transactions are complex and use of difficult –to-access financial instruments.
Get Help By Expert
Are you feeling overwhelmed and pressed for time with an assignment due soon? Assignmenthelper.my is here to help! Our competent team of assignment helpers can provide the grade success that you deserve! If a budget-friendly service is what you need, just ask us "do my assignment cheap", and we will make sure to deliver top-notch work at an economical price.
Recent Solved Questions
- Financial Assignment, TARC, Malaysia I know much money must be put into a bank account yielding 5% annually in order to have RM 250 at the end of five years
- Cyber Security Case Study, APU, Malaysia Develop a Secure Cloud Storage that can encrypt and decrypt the files using AES and RSA cryptography
- DLL5064: School Effectiveness and Improvement Essay, MSU, Malaysia Identify the leaders in the curriculum at both the building and education. Identify and comprehend the importance
- BNRE6113: Learning Skill Assignment, LUC, Malaysia Information technologies have affected every aspect of human activity and have a potential role to play in the field of education
- TMF1434: Data Structure & Algorithms Assignment, UNIMAS, Malaysia Golden Hands Catering offers catering services for events such as weddings, birthdays, and celebration events
- ABDT2043 Fundamentals of Marketing Individual Assignment AY2025/26 | TAR UMT
- PCFE4013: This is an individual assignment that requires the students to do a summary writting on a selected articles: Foundations of Health and Epidemiology Assignment, ILKKM, Malaysia
- BTW1042: Malaysian business law Assignment, MUM, Malaysia Discuss whether the elements required to form a legally binding contract exist between Ben and Tim .
- ETR253E: TOURISM Report, KCC, Malaysia Choose one ENVIRONMENTAL IMPACTS (Examples: pollution, land degradation etc.) that caused by tourism industry and conduct an internet search on the impact that you have chosen
- SPE351: theory and practice Assignment, UITM, Malaysia: Students need to identify one sport matching schedule and briefly explain the match schedule used in that sport: Competitive sport
