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END NOTES


13. 31 U.S.C.§ 5318 (i) (3) (A, B) provides as follows:

MINIMUM STANDARDS FOR PRIVATE BANKING ACCOUNTS? If a private banking account is requested or maintained by, or on behalf of, a non?United States person, then the due diligence policies, procedures, and controls required under paragraph (1) shall, at a minimum, ensure that the financial institution takes reasonable steps–

(A) to ascertain the identity of the nominal and beneficial owners of, and the source of funds deposited into, such account as needed to guard against money laundering and report any suspicious transactions under subsection (g); and

(B) to conduct enhanced scrutiny of any such account that is requested or maintained by, or on behalf of, a senior foreign political figure, or any immediate family member or close associate of a senior foreign political figure that is reasonably designed to detect and report transactions that may involve the proceeds of foreign corruption.(Emphasis added).

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