ACAMS
CAMS · Question #475
Which is a valid extraterritorial effect of the USA PATRIOT Act?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which is a valid extraterritorial effect of the USA PATRIOT Act?
Options
- AForeign branches of US banks can maintain correspondent accounts with banks that do not have
- BFinancial institutions are allowed to specifically direct client transactions that move their funds
- CBroker-dealers cannot have correspondent accounts with a foreign bank that does not have a
- DAny deposits into foreign banks are not considered to have been deposited into any interbank
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Topics
#USA PATRIOT Act#extraterritorial jurisdiction#correspondent banking#broker-dealers