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CAMS · Question #703

CAMS Question #703: Real Exam Question with Answer & Explanation

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Question

Which actions should be taken by a financial institution (FI) when it receives a grand jury subpoena regarding a customer?

Options

  • AHave the institution's assigned legal counsel review the subpoena.
  • BMake copies of the customer's documents and submit the originals to the enforcement agency.
  • CKeep the customer's accounts open at the enforcement agency's verbal request.
  • DNotify the customer being investigated before submitting documents.

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