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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. Most Votes
  • 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.
  • D. The bank could see higher default rates on loans granted to companies owned by the fraudster.
Answer:

D


User Votes:
A 26 votes
50%
B 6 votes
50%
C 23 votes
50%
D 12 votes
50%
Discussions
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AnaA.
1 year, 1 month ago

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

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AnaA.
1 year, 1 month ago

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

0