ACAMS
CAMS · Question #269
A bank receives a wire transfer that references the sale of equipment to a sanctioned company. The bank's operations team removes the sanctioned company reference and allows the wire transfer to proce
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A bank receives a wire transfer that references the sale of equipment to a sanctioned company. The bank's operations team removes the sanctioned company reference and allows the wire transfer to process. This is a description of what type of activity?
Options
- AU-turn payment
- BCover payment misuse
- CLayering
- DWire stripping
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Topics
#wire stripping#sanctions evasion#payment manipulation#correspondent banking