A longstanding client asks to open two additional accounts, one for a trust and one for private equity investments.
The trust account will be funded with dividends stemming from the investments as well as a one-off transfer from one of the client's existing accounts. As a first step, a KYC analyst should properly document the:

The ownership of a legal person is often described as having two prongs. The first one is the beneficial owner, this is the natural or legal person who owns the entity and who benefits from its activities. The second one is called?

Why can Trusts pose a higher risk from a financial crime perspective?

What are key risks in Financial Crime Prevention Control? (SELECT 3)

Secondary identification is often used to cross-verify the primary form of identification and to cross-verify information provided by the customer.
What is an example of secondary identification? (SELECT 2)