ACAMS
CAMS · Question #697
CAMS Question #697: Real Exam Question with Answer & Explanation
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Question
A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy. Both banks are subject to European Union jurisdiction. Which factor is the most important to consider before the Dutch bank shares the requested information with the Italian bank?
Options
- AThe Dutch bank's legal obligations to protect customer privacy and bank secrecy prohibit it from
- BThe Dutch bank should require a production order from the Italian bank and receive approval from
- CThe need to fight financial crime outweighs the EU's data protection and privacy regulations.
- DThe Dutch bank should limit any information sharing to what is necessary, reasonable, and
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