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CELE SQE1 模拟练习

Examination Timing: 00H00M28S

You have been instructed to act for a client on a property transaction. The client is Edward Jones, a newly-elected Member of Parliament (MP). This is the first time you have been instructed by Mr. Jones. 


Which of the following best describes how you should proceed in respect of customer due diligence?

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Under Regulations 35(1) and 35(12) of the Money Laundering Regulations 2017, a politically exposed person (PEP) is defined as someone who has been entrusted with a prominent public function by a state, including the UK. As Edward Jones is a newly-elected MP, he is considered a PEP. Therefore, you must undertake enhanced customer due diligence (CDD) due to the potential risks associated with PEPs. Enhanced CDD involves taking additional steps to verify the client's identity and the source of their funds to mitigate the risk of money laundering and terrorist financing.


Key Point: Enhanced customer due diligence is mandatory for politically exposed persons to prevent money laundering and ensure the integrity of financial transactions, especially in property dealings.

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