ACAMS
CAMS · Question #108
CAMS Question #108: Real Exam Question with Answer & Explanation
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Question
When must a United States (U.S.) bank block or reject an international funds transfer when there is an Office of Foreign Assets Control designated party to the transaction?
Options
- AOnly if the U.S. bank is involved in the funds transfer
- BOnly if a U.S. person or entity is the ultimate beneficiary
- COnly if a non-U.S. person or entity is the ultimate beneficiary
- DOnly if the U.S. bank's correspondent informs it of the involvement of the designated party
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