Case s ummary : Company ICANN is a non-profit organization that is involved in internet business. The most important function of ICANN is authorizing the registry for top-level domains (TLDs). An agreement was signed between ICANN and company VS that authorized company VS to serve as a registrar for the ‘.com’ as per ICANN’s specification and guidelines. Company VS although not being satisfied with the terms of the agreement signed the agreement. VS accused ICANN of violating Section 1 of the Sherman Act as ICANN restricted various services it can be made available as a registrar. To f ind: The impact of the appointment of the board of directors by a group that has a commercial interest.

Question

Which statement is true regarding the risk of Politically exposed persons (PEPs)? PEPs provides access to third parties on whom the financial institution has not conducted sufficient due diligence PEPs have significantly greater exposure to the politically corrupt funds,, including accepting bribes or misappropriating government funds PEPs are foreign customers who inherently present additional risk as they are engaged in cross border transctions PEPs generally do not pose enhance risks to an institution due to their political standing; rather, PEPs increase prestige of an institution

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Question

Chapter 27, Problem 3RE

Summary Introduction

Case s ummary :Company ICANN is a non-profit organization that is involved in internet business. The most important function of ICANN is authorizing the registry for top-level domains (TLDs). An agreement was signed between ICANN and company VS that authorized company VS to serve as a registrar for the ‘.com’ as per ICANN’s specification and guidelines. Company VS although not being satisfied with the terms of the agreement signed the agreement. VS accused ICANN of violating Section 1 of the Sherman Act as ICANN restricted various services it can be made available as a registrar.

To f ind: The impact of the appointment of the board of directors by a group that has a commercial interest.

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Which statement is true regarding the risk of Politically exposed persons (PEPs)? PEPs provides access to third parties on whom the financial institution has not conducted sufficient due diligence PEPs have significantly greater exposure to the politically corrupt funds,, including accepting bribes or misappropriating government funds PEPs are foreign customers who inherently present additional risk as they are engaged in cross border transctions PEPs generally do not pose enhance risks to an institution due to their political standing; rather, PEPs increase prestige of an institution

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