What are two purposes of the USA PATRIOT Act? (Choose two.)A . To strengthen United States’ measures to prevent, detect, and prosecute international money laundering and financing of terrorismB . To subject to special...
A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is...
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?A . Requiring enhanced due diligence for foreign shell banksB . Expanding sanctions requirements to aD . financial institution’s foreign branchesE . Expanding the...
What is an essential element of Know Your Customer (KYC) standards according to the Basel Committee’s Customer Due Diligence for Banks paper?A . Annual staff trainingB . A customer acceptance policyC . The same...
What do the Financial Action Task Force (FATF) mutual evaluations of each member assess?A . The levels of implementation of the FATF RecommendationsB . The member’s ability to send a representative to the plenary...
In which two ways do Financial Action Task Force-style regional bodies influence anti-money laundering and terrorist financing standards within their respective regions? (Choose two.)A . They issue typologies specific to their geographical region.B ....
