(a) The Money Laundering Act 2004 imposes a duty on every financial institution to extract information, from every individual customer, involved in cash transactions of sums greater than N1,000,000.00. State any THREE specific information which a financial institution must extract from a customer in compliance with this provision.
(b) If the financial institution decides to carry out the above transaction involving over N1,000,000.00, what are the three steps required of it by the Act?
(c) List FIVE main duties of a Trustee under a Trust.