ACAMS
CAMS · Question #43
CAMS Question #43: Real Exam Question with Answer & Explanation
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Question
What is a key risk associated with Correspondent Accounts according to the Basel Customer Due Diligence paper?
Options
- AIt is not used on a daily basis
- BThe service fees are insufficient to cover the cost of managing the account
- CThe respondent bank's customer acceptance and know your customer policies are ineffective
- DThe volume and value of transactions passing through the account may not be in line with the
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