Module: General Practice
Q73: When an intermediary bank in a wire transfer chain cannot retain the originator or beneficiary information with a related domestic wire transfer due to technical limitations, how long must it keep the record of the information received from the ordering financial institution?
✅ Correct Answer: C
The intermediary bank shall keep a record for at least five years if technical limitations prevent retaining info with the transfer.
Record retention is a recurring theme in the IIBF AML KYC Exam 2026.
Record retention is a recurring theme in the IIBF AML KYC Exam 2026.