Câu 30: Advanced CAMS - Audit

During a sanction review, an auditor notes that several of the bank’s large corporate clients continue to route transactions through the bank to certain Office of Foreign Assets Control (OFAC)-sanctioned countries. The head of corporate clients stated that these transactions were executed under the OFAC license. What should an auditor know to distinguish between an OFAC general license and a specific license?

1. A. A general license authorizes a type of transaction and a specific license authorizes a transaction in response to a written license application.
2. B. A specific license applies to all transactions for an entity, while a general license applies only to individuals.
3. C. A general license authorizes a type of transaction, while a specific license authorizes a transaction for a specific individual or entity in response to a written application.
4. D. A specific license authorizes a transaction in response to a written application, while a general license applies to a broad category of transactions without the need for an application. — đáp án hiện tại