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What does designing a country as being of ''prime money laundering concern'' allow the U.S. government to do?
Suggested Answer: C
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7 comments · newest first
SH
Sharee
1 year ago
D sounds plausible too, sanctions could definitely come into play.
VA
Vanesa
1 year ago
I think C is the right answer, it’s about keeping track of non-cooperative countries.
KA
Kayleigh
1 year ago
Wait, can they really just close accounts like that? Seems extreme.
FA
Fairy
1 year ago
Totally agree, it makes sense to monitor those transactions closely!
MA
Margart
1 year ago
A country labeled as a prime money laundering concern can lead to stricter banking regulations.
DE
Deane
1 year ago
Okay, I've got this. The key is that each agreed-to and funded risk response should have a risk response owner. That means option B is the correct answer. I'm confident in this approach.
SO
Solange
1 year ago
I think categorizing a country as being of "prime money laundering concern" might allow the U.S. to close some correspondent accounts, but I'm not entirely sure.