USA PATRIOT Act Section 319(b)gives theU.S. governmentthe power toseize fundsfroma U.S. correspondent bank account held for a foreign bank, if the funds are linked to illicit activity.
Option C (Correct):Section 319(b) explicitly allows asset forfeiturefromforeign correspondent bank accounts in the U.S.
Option A (Incorrect):Section 319(a)grants U.S. regulatorsfaster access to bank records(within120 hours).
Option B (Incorrect):Section 314(a)deals withinformation sharing between banks and law enforcement.
Option D (Incorrect):Section 314(b)allowsbanks to voluntarily share AML information among themselves.
[Reference:USA PATRIOT Act Section 319(b), FinCEN Guidance on Asset Forfeiture., , , , , , ]
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