FA presents cash to the bank and seeks to wire it to his spouse, RA, in Cub A. The OFAC list identifies RA as a specially designated national. Under OFAC Regulations, what should the bank do?
A) Block the transfer
B) Conduct the transfer as requested and take no further action
C) Conduct the transfer as requested and notify OFAC immediately
D) Conduct the transfer only if the bank determines that Cuba is not a blocked country
Correct Answer:
Verified
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