Special Terms

	to undertake a review	производить рассмотрение
	a legal person	юридическое лицо
	a natural person	физическое лицо
	business and risk profile	деловой профиль и структура риска
	existing records	существующие материалы
	ownership and control structure	организационно-правовая форма собственности
	to conduct ongoing due diligence	осуществлять непрерывные меры по надлежащей проверке клиента

Lesson 3

Text

Management should have a thorough understanding of the money laundering or terrorist financing risks of the bank’s customer base. Under this approach, the bank should obtain information at account opening sufficient to develop an understanding of normal and expected activity for the customer’s occupation or business operations. This information should allow the bank to differentiate between lower-risk customers and higher-risk customers at account opening. Banks should monitor their lower-risk customers through regular suspicious activity monitoring and customer due diligence processes. If there is indication of a potential change in the customer’s risk profile, management should reassess the customer risk rating.

Vocabulary Common Words

#	English Term	Russian Equivalent
	additional	дополнительный
	business operations	хозяйственная деятельность
	e.g. (latin exempli gratia)	например
	employment	трудовая деятельность
	indication	признак
	occupation	род занятий
	regular	стандартный
	substantive	значительный
	sufficient	достаточный
	thorough	тщательный, основательный
	to confirm	подтверждать
	to differentiate	проводить различие
	to obtain	получать
	to reassess	произвести повторную оценку
	under	в соответствии с
	whether	ли (союз, вводит придаточное)

Special Terms

	a customer base	клиентская база
	a place of business	местонахождение компании, рабочее место
	a risk profile	структура риска
	a risk rating	рейтинг риска
	at account opening	при открытии счета
	banking references	банковская информация
	correspondence	корреспонденция
	Customer Due Diligence	надлежащая проверка клиента
	management	руководство
	public information	общедоступная информация
	third-party reference	сведения от третьих лиц

Lesson 4

Text

The bank may determine that a customer poses a higher money laundering or terrorist financing risks because of the customer’s business activity, ownership structure, anticipated or actual volume and types of transactions, including those transactions involving higher-risk jurisdictions. For such customers due diligence policies, procedures, and processes should be enhanced as a result. Enhanced due diligence for higher-risk customers is especially critical in understanding their anticipated transactions and implementing a suspicious activity monitoring system that reduces the bank’s reputation, compliance, and transaction risks. Higher-risk customers and their transactions should be reviewed more closely at account opening and more frequently throughout the term of their relationship with the bank.