ACAMS
CAMS · Question #712
Which statement about the extraterritorial reach of U.S. laws and legislation is accurate?
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Compliance Standards (International AML/CFT Standards and the role of FATF)
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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Topics
#extraterritorial jurisdiction#USA PATRIOT Act#BSA#OFAC sanctions