The branch manager calls the compliance officer and informs her that a law enforcement officer has just left the branch and was asking a lot of. What should the compliance officer do?

The correct answer is C. Verify that the reported officer was an actual authorized representative. According to the ACAMS study guide, one of the best practices for dealing with law enforcement inquiries is to verify the identity and authority of the law enforcement officer before providing any information (p. 224). This is to ensure that the inquiry is legitimate and not a…

Conducting and Responding to Investigations

Question

Options

AFile a suspicious transaction report
BFollow up to verify that the officer received all necessary information
CVerify that the reported officer was an actual authorized representative
DRequire the branch manager to write a detailed memo about the request

How the community answered

(34 responses)

A
12% (4)
B
3% (1)
C
82% (28)
D
3% (1)

Explanation

According to the ACAMS study guide, one of the best practices for dealing with law enforcement inquiries is to verify the identity and authority of the law enforcement officer before providing any information (p. 224). This is to ensure that the inquiry is legitimate and not a phishing attempt or a breach of confidentiality. The compliance officer should also document the inquiry and the information provided, and consult with legal counsel if necessary. The other options are not appropriate, as they may either violate the law, compromise the investigation, or create unnecessary work.

Topics

#law enforcement verification#informal information requests#compliance officer response#investigations

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