A compliance officer at a financial institution (FI) received an investigation request for a customer from a local law enforcement agency. Which action should be taken by the FI?
A.
Obtain approval from the Financial Intelligence Unit (FIU) before submitting the customer's information.
B.
Omit some responses to meet the regulatory deadline.
C.
Assign employees responsible for the customer to the investigation team.
D.
Consider retaining qualified, experienced legal counsel.
Most Votes
Answer:
A
User Votes:
A 22 votes
50%
B
50%
C 20 votes
50%
D 24 votes
50%
Discussions
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Sorak
1 year, 2 months ago
D is correct
AnaA.
1 year, 1 month ago
A. Obtenez l'approbation de la Cellule de renseignement financier (CRF) avant de soumettre les informations du client.
AnaA.
1 year, 1 month ago
A. Obtenez l'approbation de la Cellule de renseignement financier (CRF) avant de soumettre les informations du client.
zahidgokal
1 year, 1 month ago
D is correct. Ref: ACAMS text book sixth edition page # 217, section Responding to a Law Enforcement Investigation Against a Financial Institution, Para 3, "The financial institution should consider retaining qualified, experienced legal counsel"
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D is correct
A. Obtenez l'approbation de la Cellule de renseignement financier (CRF) avant de soumettre les informations du client.
A. Obtenez l'approbation de la Cellule de renseignement financier (CRF) avant de soumettre les informations du client.
D is correct. Ref: ACAMS text book sixth edition page # 217, section Responding to a Law Enforcement Investigation
Against a Financial Institution, Para 3, "The financial institution should consider retaining qualified, experienced legal counsel"