CAMS Exam Dumps | What action does the USA PATRIOT Act allow the US government to take regarding financial institutions

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Question 165/263

What action does the USA PATRIOT Act allow the US government to take regarding financial institutions (Fls) that are based outside of the US?

A. Allow all US regulators to place a non-US FI on the Specially Designated Nationals and Blocked Persons List.

B. Subpoena documents from Fls that have no presence in the US.

C. Revoke the banking licenses of non-US Fls in countries outside the US.

D. Sanction a country when an individual FI does not comply with US law.

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Question 165/263

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