cams question 370 discussion

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

Question 370

What correspondent banking risk factor increases the risk for a Correspondent Bank?

  • A. Multi-national financial institution with global operations
  • B. Offers international funds transfer to customers
  • C. Major service provider to money service businesses Most Votes
  • D. Limited product offering to customers in high-risk jurisdictions
Answer:

C


Explanation:
Reference:
https://www.fatf-gafi.org/media/fatf/documents/reports/Guidance-Correspondent-
Banking-Services.pdf

User Votes:
A 19 votes
50%
B 25 votes
50%
C 47 votes
50%
D 16 votes
50%
Discussions
0 / 1000
AnaA.
1 year, 3 months ago

D. Offre de produits limitée aux clients dans les juridictions à haut risque

1
alban_999
4 days, 13 hours ago

Money service business often deal with high volumes of transactions and can be more susceptible to money laundering and other illicit activities as compared to the other options

0