Section 319(A)

Question 1

what does the 319 a cover

Answer 1

Forfeiture from US Correspondent Account

Question 2

Kindly further elaborate the Forfeiture from US Correspondent Account

Answer 2

For Funds deposited in a Foriegn bank , this section permits the US government
to seize funds in the same amount from a correspondent bank account in the US that has been
opened and maintained for the foreign bank.

Question 3

Does US government require to trace the fund

Answer 3

No, they are they are deemed to have been deposited into the correspondent account