CAMS Exam Dumps | A non-U.S. bank asks its U.S. correspondent whether there is risk of having funds seized in their correspondent

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Question 196/374

A non-U.S. bank asks its U.S. correspondent whether there is risk of having funds seized in their correspondent account if a customer is involved in a predicate offense.The correspondent bank's reply should be,

A. "No, only U.S. accounts for U.S. citizens can be seized and forfeited by the competent authority."

B. "No, only correspondent accounts of U.S. banks can be seized and forfeited by govern-ment agencies."

C. "Yes, if it is suspected that money laundering has occurred solely in the U.S."

D. "Yes, also if the customer's account is used in a country other than the U.S. by suspected money launderers."

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