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Exam Code: AWS-Developer

Exam Name: AWS Certified Developer - Associate

Certification Provider: Amazon

Related Certification: AWS Certified Developer - Associate

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What are two aspects of the Wolfsberg Anti-Money Laundering (AML) Principles for Correspondent Banking? (Choose two.)
A. At least one person, aside from the person sponsoring the relationship, should approve the correspondent relationship.
B. Factors such as politically exposed person involvement and downstream (nested) correspondents increase the risk inherent in a 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: A,D

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