Which of the followingare risk factors a financial institution should examine when onboarding a new...

When onboarding a corporate customer, financial institutions mustconduct due diligence to assess potential AML risks.

Option A (Correct):Understanding thenature of the businesshelps identifyhigher-risk industries(e.g.,casinos, cryptocurrency exchanges, cash-intensive businesses).

Option D (Correct):Identifyingsenior managing officials and account signatorieshelps verify thetrue control and ownership of the company.

Option E (Correct):Jurisdictional risk assessmentis key, especially if the company is from aFATF-listed high-risk country.

Why Other Options Are Incorrect:

Option B (Incorrect):Theemployment profiles of all employeesarenot relevantunless they have adirect role in financial transactions.

Option C (Incorrect):A company'sbanking history is not always relevant, unless there arered flags of prior financial crime involvement.

Best Practices for Corporate Customer Onboarding:

Verify beneficial ownership structuresto detect potential shell companies.

Conduct enhanced due diligence (EDD) for high-risk industries and jurisdictions.

Ensure ongoing monitoring of corporate customers.