General Studies · Anti-Money Laundering
What primary factor influences the depth of information collected by banks during Customer Due Diligence (CDD)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The level of risk perceived from the customer based on business activity, location, turnover, and social status.✓
- 2The annual volume of turnover as the sole deciding factor.
- 3Whether the customer's residential location is abroad.
- 4Only the customer's business activity, irrespective of financial status.
Correct answer
The level of risk perceived from the customer based on business activity, location, turnover, and social status.
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