Online or Internet Banking

  • Helps create distance between customer and the bank, by eliminating face to face contact

  • Cross border transactions from anywhere on earth

  • Rapid execution of instructions

  • To counter the threat, log files should be kept, including the IP addresses of access, maintained for at least a year.

Next Topic: Internet Casinos

Previous Topic: Black Market Peso Exchange (BMPE)

Get the Book & Pass First Time!

Includes all the study notes, the mock exam and detailed explainations of the answers

Get the AML Book & Pass First Time - Instant PDF Download