Which two things must the vice president acquire under the USA PATRIOT Act?

The vice president of the foreign correspondent banking department at a large United States bank has been notified that a foreign bank with an offshore license wants to open a correspondent account.

Which two things must the vice president acquire under the USA PATRIOT Act? (Choose two.)
A . A list of all the customers of the correspondent bank
B . A list of the types of businesses served by the correspondent bank
C . Information relating to the foreign bank’s anti-money laundering program
D . The identity of 10% owners of the correspondent bank, unless it is publicly traded

View Answer

Answer: CD