ACAMS
CAMS · Question #525
Once a financial institution has reported suspicious transactions on a valued customer, it should cooperate with competent authorities by
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Conducting and Responding to Investigations
Question
Once a financial institution has reported suspicious transactions on a valued customer, it should cooperate with competent authorities by
Options
- AMaintaining adequate written documentation of all individuals and transactions reported.
- BHinting to the customer that she should come in and explain her behavior.
- CSubmitting information upon receiving a legal request from parties involved in a civil law-suit.
- DProviding the supporting documentation to competent authorities upon request.
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Topics
#STR reporting#law enforcement cooperation#documentation#civil litigation