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E2-35. Use Information from Form 20-F Stock of Credit Suisse Group trades on the New York Stock Exchange as well as in various European stock markets. The company's Form 20-F reported the following. The accompanying consolidated financial statements of Credit Suisse Group AG (the Group) are pre- pared in accordance with accounting principles generally accepted in the US (US GAAP) and are stated in Swiss francs (CHF). The financial year for the Group ends on December 31. A major focus of US policy and regulation relating to financial institutions has been to combat money laundering and terrorist financing. These laws and regulations impose obligations to main- tain appropriate policies, procedures and controls to detect, prevent and report money laundering and terrorist financing, verify the identity of customers and comply with economic sanctions. Any failure to maintain and implement adequate programs to combat money laundering and terrorist financing, and violations of such economic sanctions, laws and regulations, could have serious legal and reputational consequences. We take our obligations to prevent money laundering and ter- rorist financing in the US and globally very seriously, while appropriately respecting and protecting the confidentiality of clients. We have policies, procedures and training intended to ensure that our employees comply with know your customer regulations and understand when a client relationship or business should be evaluated as higher risk for us. Required a. Why would Credit Suisse prepare its financial statements in accordance with U.S. GAAP? b. Credit Suisse discusses various criminal activities and explains its anti-corruption policies. Why might this be the case

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