To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?
A. Adequate surety bonds, cash deposits, or equivalencies
B. Comprehensive compliance programs
C. Prospective owners have prior experience in the area of finance
D. Thorough due diligence on prospective owners
Answer:D
To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?
A. Adequate surety bonds, cash deposits, or equivalencies B. Comprehensive compliance programs C. Prospective owners have prior experience in the area of finance D. Thorough due diligence on prospective owners