ACAMS
CAMS · Question #720
Which practices should financial institutions (FIs) adopt when determining the timeline for completing an internal AML investigation and filing a Suspicious Activity Report (SAR) to the Financial Inte
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Conducting and Responding to Investigations
Question
Which practices should financial institutions (FIs) adopt when determining the timeline for completing an internal AML investigation and filing a Suspicious Activity Report (SAR) to the Financial Intelligence Unit (FIU)?
Options
- AFollow local regulatory requirements for reporting periods.
- BReport the SAR within 30 days.
- CUse a matrix based on the complexity of an investigation.
- DAct on the professional judgment of a senior manager.
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Topics
#SAR filing timeline#regulatory requirements#investigation timeline#FIU reporting