What are two sources for maintaining up-to-date sanctions information? (Choose two.)

Question

Options

• AU.S. Federal Bureau of Investigation's National Security Letters
• BU.S. Department of the Treasury Office of Foreign Assets Control
• CU.S. Department of the Treasury ?Section 311 ?Special Measures
• DFinancial Action Task Force's list of High Risk and Non-Cooperative Jurisdictions

• A
  7% (2)
• B
  83% (24)
• C
  10% (3)

Explanation

The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC publishes lists of individuals and entities that are subject to various sanctions programs, such as the Specially Designated Nationals and Blocked Persons List (SDN List), the Sectoral Sanctions Identifications List (SSI List), and the Foreign Sanctions Evaders List (FSE List). These lists are updated frequently and can be accessed through OFAC's website or other sources. The Financial Action Task Force (FATF) is an inter-governmental body that sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF publishes lists of jurisdictions that have strategic deficiencies in their anti- money laundering and counter-terrorist financing (AML/CTF) regimes, and calls on its members and other countries to apply enhanced due diligence or counter-measures to protect themselves from the risks emanating from these jurisdictions. These lists are updated periodically and can be accessed through FATF's website or other sources.

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