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Acams CAMS Exam - Topic 3 Question 26 Discussion

Which statement is true about banking regulatory agencies having the authority to obtain information from regulated institutions?
C) The agencies authority to conduct examinations negates the need for a warrant or subpoena
A) The regulatory agencies may only obtain information from the regulated institution's books and records by virtue of a search warrant
B) A search warrant may be substituted by a court subpoena compelling the institution to produce the information to the regulatory agency
D) If a regulatory agency intends to prosecute a regulated institution, a warrant or subpoena must first be granted before the information can be obtained

Acams CAMS Exam - Topic 3 Question 26 Discussion

Actual exam question for Acams's CAMS exam
Question #: 26
Topic #: 3
[All CAMS Questions]

Which statement is true about banking regulatory agencies having the authority to obtain information from regulated institutions?

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Suggested Answer: C

by Cyndy at May 07, 2022, 11:04 PM

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Shaun
8 months ago
D is definitely not true. They can act without a subpoena.
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Myra
8 months ago
B seems plausible too, but I lean towards C.
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Noe
8 months ago
Wait, really? I thought they always needed a warrant.
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Van
8 months ago
Totally agree with C! Makes sense for efficiency.
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Trina
8 months ago
C is the correct answer. Agencies can examine without a warrant.
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Irma
9 months ago
This one seems pretty straightforward. The question is asking about the properties of PAUSE frames, and the answer is clearly True.
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Juan
9 months ago
This looks like a regulation and compliance question. I'm pretty sure the regulatory agencies have some inherent examination powers.
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