ACAMS
CAMS · Question #177
CAMS Question #177: Real Exam Question with Answer & Explanation
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Question
Under requirements for correspondent accounts in the USA PATRIOT Act, the word "certification" refers to a written representation by a
Options
- Afederal receiver" certifying that he is not the beneficial owner of the correspondent account.
- Brespondent bank, certifying that they do not do business with politically exposed persons.
- Ccorrespondent bank, certifying that they do not open correspondent accounts for alternative
- Drespondent bank, certifying that they do not do business with shell banks.
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