A bank received a subpoena regarding one of its clients. The Financial Intelligence Unit (FIU) of the bank should review the subpoena and:

Question

Options

• AFile a Suspicious Activity Report (SAR), including the receipt of the subpoena in the SAR
• BPerform a transaction review and respond fully to the subpoena.
• CClose the client's account by informing the client of the subpoena.
• DAdjust the client's risk score and close the case.

• A
  4% (1)
• B
  79% (19)
• C
  4% (1)
• D
  13% (3)

Explanation

Banks must comply with legal subpoenas while ensuring AML compliance. Option B (Correct): The bank should review client transactions and respond fully to law enforcement.

No community discussion yet for this question.