Which statement regarding data privacy in AML investigations is the most accurate?

Question

Options

• AFinancial Intelligence Units (FIUs) should document purposes for which personal data included on
• BAny customer that is the subject of a suspicious report filing has the right to request redaction of
• CData privacy laws prohibit information sharing between financial institutions for the purposes of
• DOrganizations are required to demonstrate that customers have opted into information sharing

• A
  83% (38)
• B
  9% (4)
• C
  7% (3)
• D
  2% (1)

Explanation

AML compliance must be balanced with data privacy laws, including GDPR (EU), CCPA (U.S.), and banking secrecy regulations. Option A (Correct): FIUs must document why and how personal data in SARs is shared with law enforcement or regulators.

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