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CHAPTER 5 : INTERNATIONAL BANKING RISKS (5.3 Supervision And Regulation on…

- - - - 1) Develop customer acceptance policy and procedures to address the establishment of business relationship with the customer.
      - 4) Appoint officers at the senior mgt level to be officer that responsible for the submission of suspicious transaction reports.
      - 5) Provide training and guidelines to staff in the operation of procedures and controls relating to anti- money laundering.
      - 2) Conduct ongoing customer due diligence to examine & clarify the economic background and purpose of any transaction.
      - 3) Submit a suspicious transaction report to the Financial Intelligence Unit in Central Bank when any employees involve with unlawful activity.
  - - - available that can give one an indication of the relative effectiveness of supervision
      - enforcement power, the degree of disclosure supervisory authorities must comply with, and independence of supervisory authorities
      - independence simply refers to whether or not the supervisors are legally liable for their actions