Valid CAMS Dumps shared by ExamDiscuss.com for Helping Passing CAMS Exam! ExamDiscuss.com now offer the newest CAMS exam dumps, the ExamDiscuss.com CAMS exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com CAMS dumps with Test Engine here:
Section 319(a) of the USA PATRIOT Act enhances regulatory oversight of foreign financial institutions with U.S. correspondent accounts. Option A (Correct): This section requires foreign banks to provide relevant AML records within 120 hours upon request from a U.S. regulatory agency. Option B (Incorrect): This describes Section 311, which deals with special measures against foreign jurisdictions or financial institutions. Option C (Incorrect): This is covered under Section 319(b), which permits asset seizures from U.S. correspondent accounts. Option D (Incorrect): This relates to Section 312, which mandates due diligence on foreign correspondent accounts and private banking. Best Practices for Compliance with Section 319(a): Ensure the ability to produce AML-related records within 120 hours. Establish clear communication channels between correspondent banks. Monitor foreign financial institution relationships for compliance risks. Reference: USA PATRIOT Act Section 319(a) (Regulatory Requests for AML Records) FinCEN Guidance on Foreign Bank Record-Keeping Requirements FATF Recommendation 13 (Correspondent Banking AML Controls)