ExitVCEDumpCAMSCertified Anti-Money Laundering Specialist (the 6th edition)
Question 25 of 100
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Q25Single choice
Which statement regarding data privacy in AML investigations is the most accurate?
A
Financial Intelligence Units (FIUs) should document purposes for which personal data included on Suspicious Activity Reports (SARs) may be shared with other agencies.
B
Any customer that is the subject of a suspicious report filing has the right to request redaction of their personal data.
C
Data privacy laws prohibit information sharing between financial institutions for the purposes of AML investigations in all jurisdictions.
D
Organizations are required to demonstrate that customers have opted into information sharing before submitting SARs to relevant Financial Intelligence Units (FIUs).