ACAMS
CAMS · Question #933
When making an independent determination on whether to close an account based on an internal Investigation, a financial institution (F1) should consider. (Select Five.)
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Conducting and Responding to Investigations
Question
When making an independent determination on whether to close an account based on an internal Investigation, a financial institution (F1) should consider. (Select Five.)
Options
- Areputational risk.
- Bthe customers personal relationships.
- Cthe frequency of account activity
- Dthe Fl's policies and procedures.
- Ethe seriousness of the underlying conduct.
- Fcorrespondence with law enforcement
- Gthe legal basis for closing the account.
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Topics
#account closure#reputational risk#investigation process#policies and procedures