ACAMS
CAMS · Question #312
CAMS Question #312: Real Exam Question with Answer & Explanation
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Question
An anti-money laundering specialist working at a bank just received a legal request from a law enforcement agency mandating the release of all financial transaction records relating to an account at the bank. The specialist immediately recognizes the account as one owned by the bank Chief Executive Officers brother. During research to gather the requested documents, the specialist finds several internal memos he had sent to the bank president with concerns regarding possible suspicious activity relating to this account. The specialist recalls the bank president verbally responded to each memo with an explanation of the activity and indicated there was no cause for concern. What should the specialist do with respect to these internal memos?
Options
- APlace these memos in his personal files in case they are subsequently requested
- BAsk the bank president to document his instructions to the specialist
- CCall the law enforcement agent and suggest he modify the legal request to include these memos
- DAdvise the bank's senior legal advisor of the situation
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