Cams Exam Quesiton No 41

Question No 41:

Suzy is an AML compliance officer at an institution that is looking to open treasury management services (e.g., wires, check clearing, foreign draft issuance) for correspondent banking customers. Which of the following should Suzy be most concerned about regarding the institution's capabilities regarding these customers?

A. Whether the new account systems will be able to handle customers with foreign names.
B. Whether the correspondent accounts will be approved by government regulators.
C. Whether the correspondent accounts will be able to provide evidence of their customers' identities at account opening
D. Whether the correspondent accounts will be able to be monitored by the institution's monitoring system

Answer: D