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Question 357

What is an example of a legal risk a financial institution (FI) could face if it is sanctioned for failure to
report suspected fraud activity?

  • A. Foreign correspondents could terminate their relationships with the sanctioned bank.
  • B. Clients of the bank might draw down the reserves of the bank and lead to liquidity issues.
  • C. The bank could be forced to reimburse the victims of the fraudster for the losses suffered. Most Votes
  • D. The bank could see higher default rates on loans granted to companies owned by the fraudster.
Answer:

D


User Votes:
A 30 votes
37%
B 7 votes
8%
C 31 votes
38%
D 13 votes
16%
Discussions
0 / 1000
AnaA.
1 year, 4 months ago

A. Les correspondants étrangers pourraient mettre fin à leurs relations avec la banque sanctionnée.

0
AnaA.
1 year, 4 months ago

D. La banque pourrait constater des taux de défaut plus élevés sur les prêts accordés aux entreprises appartenant au fraudeur.

0
dionette_tayl
1 month, 3 weeks ago

C. The bank could be forced to reimburse the victims of the fraudster for the losses suffered.

1
alban_999
1 week ago

Option C as it represents a direct financial liability resulting from legal action taken by the victims.

0