ACAMS
CAMS · Question #51
What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action Task Force? (Choose two.)
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Compliance Standards (International AML/CFT Standards and the role of FATF)
Question
What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action Task Force? (Choose two.)
Options
- AIt must be retained for at least five years
- BIt must be retained for at least seven years
- CIt must be kept in a manner so that it can be provided promptly
- DIt must only be released to the government through a subpoena process
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Topics
#FATF record retention#five-year retention#supporting documentation#prompt availability