CAMS · Question #672
An international bank is investigating a payment requested by a correspondent banking partner. The payment originated from a corporation located in Hong Kong, and the final beneficiary is an…
Sign in or unlock CAMS to reveal the answer and full explanation for question #672. The question stem and answer options stay visible for context.
Question
An international bank is investigating a payment requested by a correspondent banking partner. The payment originated from a corporation located in Hong Kong, and the final beneficiary is an individual in New York. The transaction triggered an alert in the bank's automated transaction monitoring system. Which steps should the bank take first to address the alert? (Select Three.)
Options
- ACall the receiving individual to review identity verification documents.
- BConfirm that neither the beneficiary nor the originator are sanctioned parties.
- CRequest supporting documents, including invoices and contracts, to confirm the purpose of the
- DCheck for negative news in public sources on the sender and receiver.
- ESend a 314(b) request to the corporation's bank in Hong Kong.
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.