CAMS Web TestEngine demo

Select all that apply.

• A

  A subsidiary of a legal entity of the US, which is formally registered in a foreign country, is exempt from OFAC rules.

• B

  Nationals of the US must comply with OFAC rules, regardless of where they are located in the world.

• C

  A foreign individual visiting the US for a short vacation is obligated to follow OFAC rules.

• D

  Any foreign corporation is also penalized if it conducts transactions with sanctioned countries under OFAC rules.

• E

  The head office of a foreign legal entity which has a branch in the US does not need to comply with OFAC rules.