Based on the AML principles outlined by the Wolfsberg Group, what do private and correspondent banks have in common when monitoring for terrorist financing?
A.
Cash access from a pre-paid card increases the potential that the card will be used for money laundering purposes.
B.
Transaction monitoring examines the relationship between due diligence information and account closings.
C.
Account and transactional activity are monitored after the proper identification and verification of customers.
D.
Numbered or alternate name accounts will only be accepted if the bank has established the identity of the client and beneficial owner.
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