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Here are the answers to your questions: Question 1: Which of the following is a potential consequence for a bank that does not comply with FATF standards? b. Regulatory sanctions, restrictions, and possible loss of license Non-compliance with FATF standards can lead to severe penalties from regulatory bodies, including fines, operational restrictions, and in extreme cases, the revocation of a bank's operating license. Question 2: Recommendation 12 requires enhanced due diligence for: b. PEPs, their families, and associates FATF Recommendation 12 mandates that financial institutions apply enhanced due diligence measures to Politically Exposed Persons (PEPs), their family members, and close associates due to the higher risk of corruption and money laundering associated with them. Last free one today — make it count tomorrow, or type /upgrade for unlimited.