Acams Exam CAMS Topic 1 Question 34 Discussion

Actual exam question for Acams's Certified Anti-Money Laundering Specialist exam

Question #: 34
Topic #: 1

[All Certified Anti-Money Laundering Specialist Questions]

What are three potential issues for foreign financial institutions maintaining correspondent accounts with U.S. banks under the Patriot Act? Choose 3 answers

ACancellation of correspondent banking relationships

BForfeiture of funds in a U.S. interbank account

CProhibition of correspondent accounts for shell banks

DU.S. residents maintaining private banking accounts

Show Suggested Answer

Suggested Answer: A, B, C

http://www.ffiec.gov/bsa_aml_infobase/pages_manual/olm_027.htm

by Chantell at May 09, 2022, 06:10 AM

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