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AFP CTP Question # 163 Topic 17 Discussion

CTP Exam Topic 17 Question 163 Discussion:
Question #: 163
Topic #: 17

A U.S. bank regularly transmits international payments to European based XYZ Bank. The payments flow through an intermediary bank. Recently regulators audited the intermediary bank and discovered the bank may be unknowingly facilitating illegal activities. What payment method was MOST LIKELY used?


A.

Cover payments


B.

Drawdown wires


C.

CHIPS payments


D.

Semi repetitive wires


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