ACAMS
CAMS · Question #29
A non-U.S. bank wants to open an account at Bank A, which is a U.S.-based bank. Which information must Bank A obtain under the USA PATRIOT Act?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
A non-U.S. bank wants to open an account at Bank A, which is a U.S.-based bank. Which information must Bank A obtain under the USA PATRIOT Act?
Options
- AA complete client list from the non-U.S. bank
- BThe identity of owners and percentage of ownership of the non-U.S. bank
- CThe structure and identity of the management team at the non-U.S. bank
- DThe details of the non-U.S. bank's anti-money laundering compliance training program
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Topics
#USA PATRIOT Act#correspondent banking#beneficial ownership#foreign banks