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CAMS · Question #712

CAMS Question #712: Real Exam Question with Answer & Explanation

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Question

Which statement about the extraterritorial reach of U.S. laws and legislation is accurate?

Options

  • AThe Bank Secrecy Act (BSA) extraterritorial reach requires that the Travel Rule be applied to all
  • BThe Anti-Money Laundering Act of 2020 (AML Act) extraterritorial reach covers all USD
  • CSection 319(b) of the USA PATRIOT Act permits the seizure of funds from a correspondent bank
  • DThe Office of Foreign Assets Control's (OFAC's) economic and trade sanctions may pose

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