Acams Question No 21:

Question No 21:

Why is a Payable Through Account vulnerable to money laundering?

A. These are master correspondent accounts established at a domestic bank by a foreign bank that allow the customers of the foreign bank to do a wide range of transactions
B. These are correspondent accounts located in a non-cooperative country or territory
C. These are nested correspondent accounts at a foreign shell bank with customers with whom the domestic bank did not exercise due diligence
D. These are master escrow accounts on which a domestic bank generally does not conduct periodic verification

Answer: A