An institution has made the decision to exit a client relationship due to anti-money laundering...

ACAMS CAMS Question Answer

An institution has made the decision to exit a client relationship due to anti-money laundering concerns. Prior

to starting the close out process, the institution receives a written request from a law enforcement agency to

keep the account open. The client is the subject of an ongoing investigation and law enforcement wants the

institution to continue to monitor the account and report any suspicious activity.

What is primary consideration the institution should keep in mind when deciding whether to agree to this

request?

The anticipated cost of complying with the law enforcement request

The number of suspicious transaction reports previously filed on the client

The fact that the institution has a solid record in complying with law enforcement requests

Whether the institution can continue to meet its regulatory obligations with the accounts open

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