Câu 18: Advanced CAMS - Audit

The de-risking activities of big banks led to the termination of correspondent banking relationships with hundreds of foreign banks. As a result, XYZ Bank has received several applications for correspondent banking relationships from various foreign banks. The demand for cross-border correspondent banking relationships substantially increased its foreign bank clients. XYZ Bank’s senior management is happy with the development. Although the board of directors is very vocal on its stance against unwarranted de-risking, it has stated that the bank should only take on manageable risk with respect to correspondent banking. In view of this material change, a review of the risks of correspondent banking is prioritized by the internal audit department. Which products/services increase the risk level for money laundering for XYZ Bank?

1. A. International fund transfers
2. B. Foreign exchange services
3. C. Payable through accounts — đáp án hiện tại
4. D. Letters of credit