SIE Exam Question 382: Answer and Explanation

Question: 382

The agency in charge of maintaining a list of individuals and institutions for which opening a brokerage account may be prohibited or restricted is known as:

• A. CTR
• B. Treasury
• C. OFAC
• D. SAR

Correct Answer: C

Explanation:

C: The Office of Financial Asset Control (OFAC) maintains the list.