CAMS Exam Dumps | A bank receives a request for a subpoena (or a client who has been the subject of monitoring for several

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Question 239/292

A bank receives a request for a subpoena (or a client who has been the subject of monitoring for several months. The bank wishes to close the account in order to mitigate any additional risk. However, the government requires that the account remain open. What document must be provided to the bank to keep the account open?

A. An email agreement between the government and the financial institution to keep the account open

B. A request in writing under proper letterhead and authority from the government

C. An order to keep the account open but with the funds frozen

D. An authorization from the board of directors

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