Abank organized under foreign lawand located outside of the U.S. maintains acorrespondent banking relationshipwith aU.S.-based bankto handlefinancial transactions in U.S. dollarsfor its clients.
In compliance with theUSA PATRIOT Act of 2001, allU.S. banks and broker-dealers in securities must obtain a signed certificationfrom allnon-U.S. foreign bank clients conducting business with them.
What information does theUSA PATRIOT Act of 2001require theforeign bank to certify to the U.S. bank? (Select Three.)
Which scenariobest justifies why a financial institution (FI) might close a customer’s account?
Which is the most severe consequence for a financial institution if the regulator finds it is in breach of AML regulatory obligations?
The AML investigator is reviewing the transaction monitoring alerts and the customer's historical profile for the past two years. A review of the negative news search from a blog indicates
that the customer was previously part of a terrorist group. Which activities warrant further escalation? (Select Two.)