ACAMS
CAMS · Question #32
CAMS Question #32: Real Exam Question with Answer & Explanation
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Question
A foreign bank operating under an offshore license wants to open a correspondent account with a United States (U.S.) bank. The foreign bank plans to provide payable through account services to some of its customers. What must the foreign bank provide to the U.S. bank under the USA PATRIOT Act?
Options
- AA list of politically exposed persons who are owners of the correspondent bank
- BA list of account holders at the financial institution who will use the payable through account
- CThe person in the United States who can receive service of legal process for the correspondent
- DA list of anti-money laundering training records for the financial institution employees monitoring
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