ACAMS
CAMS · Question #4
CAMS Question #4: Real Exam Question with Answer & Explanation
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Question
The vice president of the foreign correspondent banking department at a large United States bank has been notified that a foreign bank with an offshore license wants to open a correspondent account. Which two things must the vice president acquire under the USA PATRIOT Act? (Choose two.)
Options
- AA list of all the customers of the correspondent bank
- BA list of the types of businesses served by the correspondent bank
- CInformation relating to the foreign bank's anti-money laundering program
- DThe identity of 10% owners of the correspondent bank, unless it is publicly traded
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