ACAMS
CAMS · Question #6
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
Options
- ARequiring enhanced due diligence for foreign shell banks
- BExpanding sanctions requirements to a U.S. financial institution's foreign branches
- CExpanding the anti-money laundering program requirements to all foreign financial institutions
- DProviding authority to impose special measures on institutions that are of primary money-
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Topics
#USA PATRIOT Act#Section 311 special measures#foreign financial institutions#primary money laundering concern