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Questions and Answers
What is the purpose of the USA Patriot Act?
What is the purpose of the USA Patriot Act?
- All of the above (correct)
- To strengthen measures to prevent use of the U.S. financial system for personal gain by foreign officials
- To prevent corruption in the financial services industry
- To enhance law enforcement investigatory tools
Which department is responsible for implementing the Patriot Act?
Which department is responsible for implementing the Patriot Act?
- Department of Justice
- Department of Defense
- Department of Homeland Security
- Treasury Department (correct)
What is the Bank Secrecy Act?
What is the Bank Secrecy Act?
- A law that allows banks to refuse service to customers based on their nationality
- A law that prohibits banks from sharing customer information with other banks
- A law that allows banks to keep customer information confidential
- A law that requires banks to report suspicious activity to the government (correct)
