Acams Exam CAMS Topic 4 Question 2 Discussion

Actual exam question for Acams's CAMS exam

Question #: 2
Topic #: 4

How do payable through accounts (PTAs) differ from normal foreign correspondent accounts?

AThe customers do not have to worry about sanctions list screening such as OFAC

BThe customers have the ability to directly control funds at the correspondent bank

CThe customers can contact the correspondent bank directly to send wire transfers

DThe customers can hide their identity through the use of cover payments in U.S. dollars

Show Suggested Answer

Suggested Answer: A

by Sherita at May 04, 2022, 06:00 PM

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