In a standard customer due diligence (CDD) process focused on financial inclusion, the Financial Action Task Force (FATF) Recommendations require: (Choose two.)
A.
identification of the customer's occupation.
B.
identification and verification of the customer's identity.
Verifying a customer’s identity is a fundamental CDD requirement under the FATF Recommendations, ensuring you know who your customer is.
Identifying the beneficial owner is required to uncover the natural persons ultimately controlling or benefiting from an account, closing the gap that would allow misuse of corporate vehicles.
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