American Bankers Association Exam CRCM Topic 8 Question 67 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam

Question #: 67
Topic #: 8

What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?

AConduct the transfer as requested

BConduct the transfer if the individual and the financial institution are not on the SDN list

CBlock the transfer

DConduct the transfer and then notify OFAC immediately

Show Suggested Answer

Suggested Answer: B

by Viva at Mar 22, 2023, 04:45 PM

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