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CERTIFICATION REGARDING CORRESPONDENT ACCOUNTS FOR FOREIGN BANKS OMB CONTROL NUMBER 1506-0043 The information contained in this Certification is sought pursuant to Sections 5318 j and 5318 k of Title 31 of the United State Code as added by sections 313 and 319 b of the USA PATRIOT Act of 2001 Public Law 107-56. This Certification should be completed by any foreign bank that maintains a correspondent account with any U.S. bank or broker-dealer in .

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An OMB control number represents the government's approval of a specific information collection process. It assures the public that the collection is necessary for statistical validity and serves a legitimate purpose. This number is essential for compliance with federal regulations regarding data collection. For instance, the Omb Control Number 1505 0184 signifies an important set of guidelines and forms that users must follow to ensure compliance.

An OMB code is a classification used to organize different information collection requests approved by the Office of Management and Budget. These codes help streamline the reporting and tracking process for agencies that collect data from the public. Each code relates to a specific type of information or program, making it easier for agencies and individuals to refer to them. One prominent example is the Omb Control Number 1505 0184, which serves a specific purpose in the regulatory landscape.

The OMB control number for U.S. passport applications is typically 1405-0004. This number reflects approval by the OMB for the collection of information related to citizenship and identity verification. Understanding this number can facilitate the application process as it's necessary for the completeness of your application. The Omb Control Number 1505 0184 is utilized for other important documents, ensuring proper management of applicant information.

The OMB primarily controls the collection of information from the public, ensuring that such requests are necessary and not overly burdensome. By regulating this process, the OMB helps protect the rights of individuals while enabling federal agencies to gather data efficiently. This control is vital for maintaining transparency and accountability within government policies. The Omb Control Number 1505 0184 specifically plays a role in this framework.

An OMB control number is a unique identifier assigned to specific information collection requests by the Office of Management and Budget. This number helps track the requests and ensures compliance with the Paperwork Reduction Act. It's important because it indicates that the information collection has undergone proper approval. For example, the Omb Control Number 1505 0184 relates to specific forms and surveys, streamlining the reporting process for users.

Section 326 of the USA Patriot Act requires all financial institutions to obtain, verify & record information that identifies each person who opens an account or changes an existing account.

A correspondent account for a foreign bank is any account to receive deposits from, make payments or other disbursements on behalf of a foreign bank, or handle other financial transactions related to the foreign bank.

In order to prevent money laundering, Subtitle A of the USA PATRIOT Act specifically prohibits such institutions, with the exception of shell banks that are affiliate (under the control) of a bank that has a physical presence in the U.S. or if the foreign shell bank is subject to supervision by a banking authority in ...

The goal of section 312 is to help prevent money laundering through accounts that give foreign financial institutions a base for moving funds through the U.S. financial system 1 FinCEN, Final rule “ Special Due Diligence Programs for Certain Foreign Accounts ,” 71 Fed.

A covered financial institution shall maintain a due diligence program that includes policies, procedures, and controls that are reasonably designed to detect and report any known or suspected money laundering or suspicious activity conducted through or involving any private banking account that is established, ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232