The USA PATRIOT Act requires United States (U.S.) financial institutions to collect certain information from non-U.S. banks that hold a correspondent account.Which two pieces of information must a non-U.S. bank provide to its U.S. correspondent to enable them to comply with this requirement? (Choose two.)
A. The name and address of all shell banks the bank maintains accounts for
B. The name and address of all beneficial owners who own 25% or more of the bank
C. Prompt notice of any suspicious activity it detects on any customer who uses the correspondent account
D. The name and address of a U.S. person who is authorized to receive service of legal process for the bank
The USA PATRIOT Act requires United States (U.S.) financial institutions to collect certain information from non-U.S. ba
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
The USA PATRIOT Act requires United States (U.S.) financial institutions to collect certain information from non-U.S. ba
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!