PRACTICAL SOLUTIONS
is large and if they default, the bank may not
recover the debt. Or if the property given as
collateral by a client is connected to crime,
subsequently seized and then forfeited
to the state, the bank would be the loser.
Launderers are dishonest persons and may
borrow with no intention of paying back.
Knowing your customer is nonnegotiable.
When the bank has deposit balances belonging to one or more related parties or lends to
one or more related parties, it exposes its