Question: QUESTION 5 (20 Marks) a. Know your customer (KYC) policy is a process of a bank identifying and verifying its customers which is part of

QUESTION 5 (20 Marks) a. Know your customer (KYC)

QUESTION 5 (20 Marks) a. Know your customer (KYC) policy is a process of a bank identifying and verifying its customers which is part of anti-money laundering regulations. Define money laundering and discuss the three (3) stages involved in money laundering. [9 marks] b. Investment banks have played vital roles in the development of a dynamic capital market. REQUIRED: Briefly explain four (4) types of services offered by the investment bank. [8 marks] C. Identify the underlying assets of the derivative contracts stated below: i. ii. M. 3-year Malaysian Government Securities Futures (FMG3) FTSE Bursa Malaysia KLCI Options (OKLI) Options on Crude Palm Oil Futures (OCPO) [3 marks]

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