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How do payable through accounts (PTAs) differ from normal foreign correspondent accounts?
Suggested Answer: A
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8 comments · newest first
AY
Ayesha
1 year ago
Yeah, contacting the bank directly is super convenient!
JI
Jimmie
1 year ago
Cover payments? Sounds shady...
MA
Mabel
1 year ago
Direct control over funds is a big advantage!
DE
Deandrea
1 year ago
I thought all accounts had to screen for OFAC?
VA
Valentin
1 year ago
PTAs let you bypass some sanctions checks.
EL
Eleonore
1 year ago
Hmm, this is a tricky one. I'll need to think through the different options carefully to make sure I understand the implications of each approach.
RE
Rebbecca
1 year ago
I'm a little confused by the wording of this question. I'll need to re-read it a few times to make sure I understand what they're asking.
SA
Sanjuana
1 year ago
Hmm, let me think this through. The first query gets 5 Accounts, and then for each of those 5 Accounts, there's a query to get the Contacts. So I'm guessing the total number of queries is 6.