ACAMS CHP 4 QUESTIONS WITH CORRECT
ANSWERS 2025
ABC Bank was served with a subpoena compelling the production of certain documents on a
personal checking account. What are the first steps the bank should take after being served with
the subpoena? - CORRECT ANSWER -The organization should ensure its senior management
and/or legal counsel reviews the subpoena and independently confirms its legitimacy (e.g., to
confirm that it is not an attempted fraud to obtain confidential information). If there are no
grounds for contesting the subpoena, the organization should take all appropriate measures to
comply with the summons or subpoena on a timely and complete basis. The financial
organization should never notify the customer being investigated.
How should a financial organization monitor the receipt of a subpoena, summons, or other
requests from government agencies? - CORRECT ANSWER -Financial organizations should
ensure that all grand jury subpoenas and other information requests from government agencies
are reviewed by senior management and an investigations group or legal counsel to determine
how best to respond to the inquiry and whether the inquiry or the underlying activity might
pose a risk to the organization. In addition, the organization should maintain centralized control
over all requests and responses to ensure that it responds to requests on a complete and timely
basis and maintains a complete record of information provided. This centralized record will also
assist in the organization's internal investigation.
If a financial organization is under investigation by a government agency, what information
should it give employees? - CORRECT ANSWER -Employees should be informed of the
investigation and instructed not to directly produce corporate documents. Rather, they should
inform senior management or counsel of all requests for documentation and provide the
documents to them for production. In that way, the organization knows what is being requested
and what has been produced. In addition, the organization can determine what, if any, requests
should be contested. The same procedure should be followed with requests for employee
interviews.
In what ways can a financial organization cooperate with law enforcement during an
investigation? - CORRECT ANSWER -Providing investigators with the information they need to
reach an investigative conclusion might be the most effective way to terminate an investigation
before it has a devastating effect on the resources and reputation of an organization.
ANSWERS 2025
ABC Bank was served with a subpoena compelling the production of certain documents on a
personal checking account. What are the first steps the bank should take after being served with
the subpoena? - CORRECT ANSWER -The organization should ensure its senior management
and/or legal counsel reviews the subpoena and independently confirms its legitimacy (e.g., to
confirm that it is not an attempted fraud to obtain confidential information). If there are no
grounds for contesting the subpoena, the organization should take all appropriate measures to
comply with the summons or subpoena on a timely and complete basis. The financial
organization should never notify the customer being investigated.
How should a financial organization monitor the receipt of a subpoena, summons, or other
requests from government agencies? - CORRECT ANSWER -Financial organizations should
ensure that all grand jury subpoenas and other information requests from government agencies
are reviewed by senior management and an investigations group or legal counsel to determine
how best to respond to the inquiry and whether the inquiry or the underlying activity might
pose a risk to the organization. In addition, the organization should maintain centralized control
over all requests and responses to ensure that it responds to requests on a complete and timely
basis and maintains a complete record of information provided. This centralized record will also
assist in the organization's internal investigation.
If a financial organization is under investigation by a government agency, what information
should it give employees? - CORRECT ANSWER -Employees should be informed of the
investigation and instructed not to directly produce corporate documents. Rather, they should
inform senior management or counsel of all requests for documentation and provide the
documents to them for production. In that way, the organization knows what is being requested
and what has been produced. In addition, the organization can determine what, if any, requests
should be contested. The same procedure should be followed with requests for employee
interviews.
In what ways can a financial organization cooperate with law enforcement during an
investigation? - CORRECT ANSWER -Providing investigators with the information they need to
reach an investigative conclusion might be the most effective way to terminate an investigation
before it has a devastating effect on the resources and reputation of an organization.
