Answered

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In order for clients to satisfy identity verification procedures, they must produce which of the following?
A.) A single Group A identity document
B.) A single Group B1 and a single Group B2 identity document.
C.) One identity document each from Groups A, B1, and B2
D.) Both A and B are correct.
E.) None of the above

Sagot :

Parrain

Answer: D.) Both A and B are correct.

Explanation:

The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.

They can do so via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc.

Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like.

This is being done to limit terrorist financing and money laundering so utmost compliance is advised.

The correct option is D.) Both A and B are correct.

The following information should be considered:

  • The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
  • It can be done via several documents first of which is a single Group A document.
  • These could be Driver's License , Foreign Passport , Military ID etc.
  • After this, there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like.
  • This is being done to limit terrorist financing and money laundering so utmost compliance is advised.

Learn more: brainly.com/question/16911495

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