CAMS · Question #504
A compliance officer of a financial institution is reviewing a payment for sanctions compliance between two parties in Europe and Asia. The payment is in Euros and involves the provision of services…
Sign in or unlock CAMS to reveal the answer and full explanation for question #504. The question stem and answer options stay visible for context.
Question
A compliance officer of a financial institution is reviewing a payment for sanctions compliance between two parties in Europe and Asia. The payment is in Euros and involves the provision of services to a company located in a jurisdiction subject to Office of Foreign Assets Control secondary sanctions. Which factor is most important in determining the compliance officer's response?
Options
- AAsset freezes only prohibit US companies from engaging in certain activities with counterparts
- BA one-off commercial transaction conducted between parties in Europe and Asia is not subject to
- CThe threat of US sanctions against foreign individuals and entities continues to exist despite the
- DSecondary sanctions only target specific sectors of the economy such as the banking and finance
Unlock CAMS to see the answer
You've previewed enough free CAMS questions. Unlock CAMS for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.