What steps should the institution take?

After an institution files an STR with regard to a particular account, a law enforcement agent requests the institution to keep the account open until advised otherwise by law enforcement.

What steps should the institution take?
A . The institution should close the account in order not to be caught in the middle of a law enforcement investigation
B . The institution should follow the request of the law enforcement agent and keep the account open
C . The institution should request a written letter From the law enforcement ( agency signed by an appropriate authorized signature
D . The institution should keep the account open only if doing so comports with the bank’s own AML procedures

View Answer

Answer: C