cams question 340 discussion

View all Certified Anti-Money Laundering Specialist Exam here
back to acams forum

Question 340

Which key aspect of the Office of Foreign Assets Control's extraterritorial reach specifically relates to
prohibited transactions?

  • A. Prohibit or reject unlicensed trade and financial transactions with specified countries, entities, and individuals Most Votes
  • B. Prohibit or reject licensed trade and financial transactions with specified countries, entities and U.S. individuals
  • C. Prohibit or reject licensed trade and financial transactions with specified countries, entities and non-U.S. individuals
  • D. Prohibit or reject unlicensed foreign trade and financial transactions with specified countries, entities, and individuals.
Answer:

A


Explanation:
"Prohibit or reject unlicensed trade and financial transactions with specified countries,
entities, and individuals. "

User Votes:
A 34 votes
50%
B 5 votes
50%
C 9 votes
50%
D 20 votes
50%
Discussions
0 / 1000
aseel
6 months ago

A. Prohibit or reject unlicensed trade and financial transactions with specified countries, entities, and individuals

0
alban_999
5 days, 14 hours ago

OFAC's extraterritorial reach is designed to cover all unlicensed transactions, not just foreign ones

0