CAMS Exam Dumps | Which statement is true regarding the FATF standards for SARs/STRs information sharing within a financial

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Question 67/263

Which statement is true regarding the FATF standards for SARs/STRs information sharing within a financial group?

A. FIs must retain copies of SARs/STRs and supporting documentation for five years from the date of filing the STRs

B. FIs cannot share customer information at all since it is confidential.

C. Financial institutions (FIs) should establish sufficient safeguards concerning the confidentiality of information shared for AML purposes.

D. FIs must require approval from regulators to share SARs/STRs information and supporting documentation.

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