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Unformatted text preview: 6. Banks are required to apply the Know your Costumer (KYC) policy in their private banking operations. What are some of the major features of this policy? 7. When lending to private banking clients, why is so important to verify that the collateral is from legitimate sources? 8. How can banks supplement basic account information under the Due Diligence process? 9. What is the purpose of a PIC? 10. Describe compliance functions....
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This note was uploaded on 03/05/2011 for the course FIN 4663 taught by Professor Martinez during the Fall '10 term at FIU.
- Fall '10