MENU
What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?
Suggested Answer: B
Get Premium CRCM Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
11 comments · newest first
HO
Howard
11 months ago
Sounds risky, I wouldn't trust that process.
SY
Sylvie
11 months ago
If they're not on the list, it should be fine to proceed.
FR
Francoise
12 months ago
Wait, can they even transfer to Iraq at all?
LI
Ling
12 months ago
I think blocking the transfer is the safest bet.
JI
Jina
12 months ago
Definitely check the SDN list first!
JO
Jolanda
1 year ago
I thought we were supposed to notify OFAC right away if there was any doubt, so option D might be the way to go, but I'm not completely confident.
NA
Nada
1 year ago
I feel like we practiced a similar question, and it was important to verify the financial institution involved too. Maybe option B is the right choice?
MA
Marvel
1 year ago
I'm not entirely sure, but I remember something about blocking transfers to certain countries. Could it be option C?
AN
Andra
1 year ago
I think the bank needs to check if the recipient is on the SDN list before proceeding with the transfer. That sounds familiar from our compliance training.
TA
Tawna
1 year ago
I think the key here is to remember the hierarchy of the RSA Archer data structure. It's going to be one of these options, I just need to double-check my understanding.
BR
Brett
1 year ago
I feel pretty confident about this one. Based on my understanding of Planning Optimization and purchase trade agreements, the vendor account needs to be specified on the rows in the Supply forecast in order for the agreements to be properly utilized. I'll select option C.