A financial institution (FI) is being investigated for possible money laundering. When cooperating with law enforcement agencies, which additional steps should the FI ensure are taken? (Choose two.)
A.
Centralized control is maintained over all requests and responses to ensure completeness and timely responses.
Most Votes
B.
Make employees, including corporate officers, unavailable for interviews and refuse documents upon receipt of a subpoena.
C.
Subpoenas and other information requests should be reviewed by senior management and an investigations group or counsel.
Most Votes
D.
Address the document destruction policy to ensure the relevant documents are destroyed.
E.
Inquiries from the media are not answered directly, but rather are addressed by replying, "No comment."
Answer:
A, E
User Votes:
A 24 votes
50%
B
50%
C 24 votes
50%
D
50%
E 5 votes
50%
Discussions
0/ 1000
spilksch
5 months, 3 weeks ago
Option E isn’t related to investigations. I suggest people use ChatGPT to find answers. Even if it’s not correct 100% of the time, it’s definitely much better and more logical than most of the answers here.
aseel
3 months, 3 weeks ago
A. Centralized control is maintained over all requests and responses to ensure completeness and timely responses. C. Subpoenas and other information requests should be reviewed by senior management and an investigations group or counsel.
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Option E isn’t related to investigations. I suggest people use ChatGPT to find answers. Even if it’s not correct 100% of the time, it’s definitely much better and more logical than most of the answers here.
A. Centralized control is maintained over all requests and responses to ensure completeness and timely responses.
C. Subpoenas and other information requests should be reviewed by senior management and an investigations group or counsel.