ACAMS
CAMS · Question #295
Which statements regarding the USA PATRIOT ACT best describe key aspects that have extraterritorial reach? (Choose three.)
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which statements regarding the USA PATRIOT ACT best describe key aspects that have extraterritorial reach? (Choose three.)
Options
- AIt allows for the US Attorney General to subpoena records from a foreign bank with US
- BIt allows foreign banks to voluntarily designate a registered agent in the US to accept service of
- CIt allows the Secretary of the Treasury to order a US financial institution (FI) to close a
- DIt obliges the government to trace the origin of the funds when a seizure of assets occurs in a
- EIt excludes as foreign FIs businesses that would be considered broker-dealers, money
- FIt allows federal banking supervisors to require records of the identity of the owners of a foreign
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Topics
#USA PATRIOT Act#extraterritorial reach#foreign banks#subpoena authority