What is true regarding disclosure to a law enforcement agency by a financial institution of the supporting documentation for a suspicious transaction report?

The correct answer is C. Confirm that the request originated from a representative of the law enforcement agency. Before disclosing any supporting documentation for a suspicious transaction report (STR) to a law enforcement agency, the financial institution should confirm that the request is legitimate and authorized by verifying the identity and credentials of the requester. This is to…

Conducting and Responding to Investigations

Question

Options

ADocumentation must be provided as quickly as possible using email
BThe financial institution may notify the account holder of the request
CConfirm that the request originated from a representative of the law enforcement agency
DA copy of all the documentation released must also be provided to the account holder's attorney

How the community answered

(46 responses)

A
13% (6)
B
2% (1)
C
80% (37)
D
4% (2)

Explanation

Before disclosing any supporting documentation for a suspicious transaction report (STR) to a law enforcement agency, the financial institution should confirm that the request is legitimate and authorized by verifying the identity and credentials of the requester. This is to prevent unauthorized access or misuse of the confidential information by impostors or fraudsters. The other options are not true, as they may either compromise the security, integrity, or timeliness of the disclosure, or violate the confidentiality or privacy rights of the customer.

Topics

#STR documentation disclosure#law enforcement verification#confidentiality obligations#investigation support

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