The 'Failed Banks Act' (now part of BOFIA framework) primarily targets:
ATax evasion
BRecovery of bank debts and trial of bank-failure offencesCORRECT
CCybercrime
DInsider trading
CIBNBanking Law
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Why the answer is B, and why the others tempt you.
The Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Act, now embedded in resolution framework, addresses debt recovery and bank-failure offences.
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