Acams Exam CAMS Topic 3 Question 26 Discussion

Actual exam question for Acams's Certified Anti-Money Laundering Specialist exam

Question #: 26
Topic #: 3

[All Certified Anti-Money Laundering Specialist Questions]

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

AThe regulatory agencies may only obtain information from the regulated institution's books and records by virtue of a search warrant

BA search warrant may be substituted by a court subpoena compelling the institution to produce the information to the regulatory agency

CThe agencies authority to conduct examinations negates the need for a warrant or subpoena

DIf a regulatory agency intends to prosecute a regulated institution, a warrant or subpoena must first be granted before the information can be obtained

Show Suggested Answer

Suggested Answer: C

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

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