Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 8w52ceb345

The popularity of FX-trading via Internet platforms has serious implications for the applicability of traditional...

ACI 3I0-012 Full Course Access
ACI 3I0-012 View All Questions

The popularity of FX-trading via Internet platforms has serious implications for the applicability of traditional rules such as “Know Your Customer”. Which of the following are correct?

A.

“Know Your Customer” rules cannot be applied online and banks will have to rely instead on new safeguards such as third-party authentication.

B.

“Know Your Customer” rules apply only to retail customers and are therefore irrelevant to currency trading.

C.

In practice, banks can avoid “Know Your Customer” rules by limiting online deal size to EUR 100,000.00 or equivalent.

D.

No trading should be carried out without first identifying and setting up the counterparty; this includes “Know Your Customer” procedures.

3I0-012 PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now 3I0-012 pdf
Get 60% Discount on All Products, Use Coupon: "8w52ceb345"
Next
What should be done when a voice broker hits a dealer’s price as “done” at...
You are quoted the following market rates:Spot USD/JPY 123.
Previous