A Bank Is Conducting Due Diligence for a Foreign Correspondent

question 37

Multiple Choice

A bank is conducting due diligence for a foreign correspondent bank account. Which of the following is NOT required information?

• A) The identities of the correspondent bank's true ownership
• B) Information on the government licenses of the correspondent bank
• C) Copies of the tax return of the correspondent bank
• D) Information on the products and services the correspondent bank offers

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Definitions:

Writer-Focused Statements

Statements in which the author's perspective, opinions, or personal experiences are the primary focus, potentially at the expense of the audience's engagement.

Professional Portfolio

A collection of work and achievements demonstrating a person's skills, accomplishments, and professional experience.

Workshops Attended

Participatory meetings or sessions in which individuals engage in intensive discussion and activity on a particular subject or project.

Income Tax Statements

Documentation filed with government authorities that report income earned and taxes owed for a specific period.