ACAMS
CAMS · Question #87
A bank located in New York has identified suspicious transactions at a correspondent bank in China. For one of the international customers, the correspondent bank is not following agreed upon…
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AML/CFT Compliance Programs
Question
A bank located in New York has identified suspicious transactions at a correspondent bank in China. For one of the international customers, the correspondent bank is not following agreed upon protocols. Which factor indicates that the bank should terminate the relationship?
Options
- AThe correspondent bank has opened branches in a country on the Office of Foreign Assets
- BThe compliance officer at the correspondent bank is currently being investigated due to bribery
- CThe correspondent bank has recently exceeded acceptable limits in the primary banks' recently
- DThe primary institution has requested transactional details from the correspondent bank to aide in
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Topics
#correspondent banking#OFAC#de-risking#relationship termination