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    Session 1 worksheets-DIVYA

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    Jowin Sam
    This document discusses correspondent banking relationships and money laundering risks. It asks questions about why a bank like Guardian Bank would want U.S. correspondent accounts, money laundering risks for U.S. correspondent banks offering services to banks like Guardian Bank, anti-money laundering measures U.S. correspondent banks should take when opening accounts, and whether the accounts described are correspondent or payable-through accounts.

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    Session 1 worksheets-DIVYA

    Uploaded by

    Jowin Sam
    14 views4 pages
    This document discusses correspondent banking relationships and money laundering risks. It asks questions about why a bank like Guardian Bank would want U.S. correspondent accounts, money laundering risks for U.S. correspondent banks offering services to banks like Guardian Bank, anti-money laundering measures U.S. correspondent banks should take when opening accounts, and whether the accounts described are correspondent or payable-through accounts.

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    Session 1 worksheets-DIVYA

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    This document discusses correspondent banking relationships and money laundering risks. It asks questions about why a bank like Guardian Bank would want U.S. correspondent accounts, money laundering risks for U.S. correspondent banks offering services to banks like Guardian Bank, anti-money laundering measures U.S. correspondent banks should take when opening accounts, and whether the accounts described are correspondent or payable-through accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    14 views4 pages

    Session 1 worksheets-DIVYA

    Uploaded by

    Jowin Sam
    This document discusses correspondent banking relationships and money laundering risks. It asks questions about why a bank like Guardian Bank would want U.S. correspondent accounts, money laundering risks for U.S. correspondent banks offering services to banks like Guardian Bank, anti-money laundering measures U.S. correspondent banks should take when opening accounts, and whether the accounts described are correspondent or payable-through accounts.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 4

    Exercise “Correspondent Banking”

    Instructions: Read the PDF provided to answer the following questions.

    1. Why would a bank like Guardian Bank want to open U.S. correspondent
    accounts?

    2. Describe the ML risks for the U.S. Correspondent Bank when offering correspondent
    banking services to banks like Guardian Bank.

    3. What AML measures should the U.S. Correspondent Banks take at the account opening
    moment?

    4. Are the accounts described in the excerpts correspondent accounts or Payable Through
    Accounts?

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