The "Know They Customer" Program

question 47

Multiple Choice

The "Know They Customer" program:

• A)is a federal program directed at commercial bribery prevention.
• B)is a federal program related to detecting money laundering.
• C)is an unconstitutional federal program.
• D)both a and c

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Definitions:

Instrument Payable

A written document that promises the payment of a definite amount of money either on demand or at a future date.

Definite Time

A specified period in contracts or agreements where certain actions or conditions must be met or take place.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or the making of concessions.

Holder

An individual or entity that possesses or controls a negotiable instrument, security, or other similar documents, legally recognized as entitled to the benefits of ownership.