Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

De-risking is one approach taken by financial institutions which aims to simplify the business models as well as reduce AML risks by exiting some products

De-risking" is one approach taken by financial institutions which aims to simplify the business models as well as reduce AML risks by exiting some products or client types or both. Your CEO is asking your input on de-risking one of the following lines of business in order to reduce monitoring resources (costs) and risk to your institution. Which would you recommend, and why? Professional Service providers Individuals who hold a foreign or domestic public office Check Cashers Third party payment providers Cash Intensive businesses The ability to consider and discuss ideas with others is one of the most important skills in the workplace, and doing so here will give you some practice. Additionally, it will give you a chance to interact with your classmates and me, which is often challenging in an online course

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Economics

Authors: Robert L Sexton

5th Edition

9781439040249

Students also viewed these Law questions