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Cams Exam Quesiton No 17

8:48 PM

Question No 17:

Which of the following statements is true?Correspondent banking is MOST vulnerable to money laundering when the correspondent account is?

A. Maintained for foreign financial institutions that are banks.
B. Not used to provide services directly to third parties.
C. Maintained for a foreign bank that does not have a physical presence in any country.
D. Maintained for a foreign private bank that is publicly traded and is a qualified intermediary.

Answer: C

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