A).The parameters for enhanced due diligence is: Customer location, financial status, Nature of business or Purpose of transaction.

Question

Accepted Answer

The parameters for enhanced due diligence are customer location, financial status, nature of business, and purpose of transaction.

Enhanced due diligence is a more thorough investigation of a customer's risk profile.
Customer location can indicate higher risk jurisdictions.
Financial status can reveal potential for money laundering or terrorist financing.
Nature of business can indicate higher risk industries.
Purpose of transaction can reveal potential for illicit activity.
Examples of enhanced due diligence measures include obtaining additional documentation, conducting site visits, and performing ongoing monitoring.

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