Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
Posted: Thu Jul 21, 2022 8:58 pm
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
A. Requiring enhanced due diligence for foreign shell banks
B. Expanding sanctions requirements to a U.S. financial institution's foreign branches
C. Expanding the anti-money laundering program requirements to all foreign financial institutions
D. Providing authority to impose special measures on institutions that are of primary money-laundering concern
A. Requiring enhanced due diligence for foreign shell banks
B. Expanding sanctions requirements to a U.S. financial institution's foreign branches
C. Expanding the anti-money laundering program requirements to all foreign financial institutions
D. Providing authority to impose special measures on institutions that are of primary money-laundering concern