Which of the following agencies does NOT have a MOU with OFAC? A) Securities and Exchange Commission (SEC) B) Office of Comptroller of the Currency (OCC) C) Federal Deposit Insuran... Which of the following agencies does NOT have a MOU with OFAC? A) Securities and Exchange Commission (SEC) B) Office of Comptroller of the Currency (OCC) C) Federal Deposit Insurance Corporation (FDIC) D) National Credit Union Administration (NCUA)
Understand the Problem
The question is asking which agency listed does not have a Memorandum of Understanding (MOU) with the Office of Foreign Assets Control (OFAC). This requires knowledge of the relationships and agreements between these agencies and OFAC.
Answer
Securities and Exchange Commission (SEC)
The Securities and Exchange Commission (SEC) does NOT have a Memorandum of Understanding with OFAC.
Answer for screen readers
The Securities and Exchange Commission (SEC) does NOT have a Memorandum of Understanding with OFAC.
More Information
The Memoranda of Understanding cover agencies such as the Federal Reserve, FDIC, NCUA, OCC, and others in the banking sector but does not mention the SEC, indicating there is no MOU between the SEC and OFAC.
Tips
It's crucial to note that a Memorandum of Understanding is typically made with banking regulators, and the SEC, being a securities regulator, may not be included.
Sources
- Memoranda of Understanding Between OFAC and Bank Regulators - ofac.treasury.gov
AI-generated content may contain errors. Please verify critical information
