The Wolfsberg Group's AML Principles on Private Banking:
A.
Assist financial institutions conducting business in jurisdictions with high data privacy standards in working with industries susceptible to money laundering
B.
Advise banks to accept only those clients whose source of funds and beneficial ownership is understood
C.
Establish rules for private bankers on how to deal with politically exposed persons (PEPs) and persons residing in high-risk countries
D.
Require banks to better manage reputational risk and protect the privacy of wealthy clients
Chosen Answer:
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