Acams Exam CAMS Topic 1 Question 34 Discussion

Actual exam question for Acams's CAMS exam

Question #: 34
Topic #: 1

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

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!