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NEW QUESTION: 1
The USA PATRIOT Act requires United States (U.S.) financial institutions to collect certain information from non-U.S. banks that hold a correspondent account.
Which two pieces of information must a non-U.S. bank provide to its U.S. correspondent to enable them to comply with this requirement? (Choose two.)
A. The name and address of all shell banks the bank maintains accounts for
B. The name and address of a U.S. person who is authorized to receive service of legal process for the bank
C. The name and address of all beneficial owners who own 25% or more of the bank
D. Prompt notice of any suspicious activity it detects on any customer who uses the correspondent account
Answer: B,C

NEW QUESTION: 2
All of the following statements concerning the use of an irrevocable life insurance trust to solve liquidity problems of the insured's estate are correct EXCEPT:
A. Gift taxes can be avoided for premium contributions made by the grantor.
B. The grantor is the most appropriate choice for trustee.
C. The grantor can avoid inclusion of the corpus in his or her gross estate.
D. The grantor should avoid obtaining incidents of ownership in the policy.
Answer: B

NEW QUESTION: 3
Which two statements are true about an Oracle Cloud Infrastructure Virtual Cloud Network (VCN)? (Choose two.)
A. An allowable VCN size range is: /16 to /30.
B. A VCN creates the dynamic routing gateway by default.
C. A VCN covers a single contiguous IPv4 CIDR block of your choice.
D. A VCN can reside in multiple Oracle Cloud Infrastructure regions and Availability Domains.
Answer: A,C

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