ACAMS
CAMS · Question #594
CAMS Question #594: Real Exam Question with Answer & Explanation
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Question
What are the rules imposed by the Office of Foreign Assets Control (OFAC) for legal entities and persons related to the US? (Select Two.)
Options
- AA subsidiary of a legal entity of the US, which is formally registered in a foreign country, is exempt
- BNationals of the US must comply with OFAC rules, regardless of where they are located in the
- CA foreign individual visiting the US for a short vacation is obligated to follow OFAC rules.
- DAny foreign corporation is also penalized if it conducts transactions with sanctioned countries
- EThe head office of a foreign legal entity which has a branch in the US does not need to comply
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