Which two steps should the U.S. bank take under the USA PATRIOT Act?

A large United States (U.S.) bank is performing due diligence on a non-U.S. bank. The non-U.S. bank has applied for a correspondent account at the U.S. bank.

Which two steps should the U.S. bank take under the USA PATRIOT Act? (Choose two.)
A . Verify the identity of the customers of the foreign bank
B . Determine whether enhanced due diligence is necessary
C . Assess the money laundering risk presented by the correspondent account
D . Verify the identity of politically exposed persons in management positions at the non-
F . bank

View Answer

Answer: CD