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NEW QUESTION: 1
An existing customer at a bank has recently expanded its services to provide check cashing for its customers.
Which factor indicates the bank should terminate this relationship?
A. The business has not updated its anticipated activity with the bank.
B. The business is now a Money Service Business and has not registered with FinCEN.
C. The bank has not updated its automated monitoring system.
D. The business has no previous experience with this service.
Answer: D

NEW QUESTION: 2

A. 0
B. 1
C. 2
D. 3
Answer: D

NEW QUESTION: 3
Click on the Exhibit Button to view the Formula Sheet. The use of standard settlement instructions (SSI's) is strongly encouraged because:
A. It removes the need for sending out SWIFT payment
B. All of the above.
C. It reduces operational risk.
D. It splits differences arising from failed settleme
Answer: C

NEW QUESTION: 4
In case of Loss of Thumb, what is the Percentage of Compensation given (as per Workmen's Compensation Act)?
A. 50%
B. 25%
C. 30%
D. 20%
Answer: C

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