Compliance Onboarding Quiz

What does SOW stand for in the context of compliance onboarding?

• Statement of Work

• Source of Wealth

• System of Warnings

• Security of Website

What is the purpose of the Client Application Form?

• To request approval for a new client entity

• To request access to the company's website

• To request a compliance manual

• To request a tax return form

How often should a high-risk client be reviewed?

• Every three years

• Every two years

• Every year

• Every 6 months

Where can the latest Compliance Forms templates be found?

• In the local office

• In the Group policies and procedures

• In the Compliance department structure

• On the company's website

What is the purpose of the World-Check and Google search?

• To find information about competitors

• To conduct background checks on clients

• To search for job candidates

• To find news articles about the company

What is the risk rating for a country used for?

• To determine the weather in that country

• To assess the political stability and economic conditions of that country

• To rate tourist attractions in that country

• To determine the country's population density

Who should approve a high-risk client's onboarding?

• World-Check and Google search

• Group Invoicing

• Compliance Committee and the MD

• Local MD

What is the purpose of the Structure Chart in compliance onboarding?

• To design the company's organizational structure

• To reflect all relevant entities in the client's structure

• To conduct a financial audit

• To create a visual representation of the company's logo

Where can the Group policies and procedures be found?

• In the local office

• On the company's website

• In the Compliance department structure

• In the Group policies and procedures

Who can be contacted for questions about compliance onboarding?

• Sales team

• Compliance Officer

• IT department

• Customer service