SOW QUIZ

If my client is BUSINESS OWNER but I can only find a CEO/President relationship on the internet, can I use it as corroboration?

• Yes, but it will be considered as low corroboration

• No, it has to state my client as owner otherwise it will cause discrepancy

How can I reach Medium Level of Corroboration for Business Ownership if I only have CEO/President

relationship?

• By just leaving a clarification explaining the relationship as owner.

• I require another piece of information that helps to support the ownership and a rationale.

• It has to explicitly say that my client is business owner to be medium level.

SOW in NetX360 for CZ accounts may be blank and can remain blank as long as SOW is captured in CitiKYC

• TRUE

• FALSE

Can I use as corroboration a referral letter from an FA who is no longer working at Citi?

• No, I have to gather a new one from the current FA

• Yes, I can use it if the FA has more than 5 years of experience.

• No, I have to ask permission from the current FA

• Yes, I can use it if it was previously approved

Do I have to add the occupation and the nature of the business in NETX if my client is retired?

• Yes, I need to have the previous job information as a requirement.

• No, it is not mandatory

• Yes, I have to add the information, so it maps to KYC

• No, and if it is added I have to delete it.

Information sources are independent, reputable, relevant, comprehensive, and directly attributable to the client’s wealth. Provides significant certainty of how a client obtained their wealth over time.

This is?

• High

• Medium

• Low

1. Financial statements (or annual reports) audited by small auditing firm with a confirmation that firm follows global accounting standards.

Past transactions indicate current salary

These are examples of employment corroboration level?

• High

• Medium

• Low

realtor.com, redfin.com, or zillow.com

Are examples of sources to corroborate......

• Employment

• Business Owner

• Personal Real Estate

• Investments

Can I combine different low sources to get a Medium Corroboration?

• No, it is not allowed

• Yes, but each of them has to reach the strength factor

• Yes, but I only need to reach 2 strength factors and leave a rationale

• No, I cannot combine different sources to reach a medium level

Client NW: $1 MM

Do I have to corroborate my client's current employment if he only has 3 months working at the company making 3K per month?

• Yes, I have to corroborate every source of income

• No, it is not part of my client's SOW

• Yes, it is part of the client's NW and it is required

• No, because I ONLY capture employments of a salary over 5k