When Conducting a Records Search Pursuant to a FinCEN Request

question 41

Multiple Choice

When conducting a records search pursuant to a FinCEN request, what must a bank search?

• A) All customer records from the previous five years
• B) All accounts maintained within the previous 12 months and transaction records for 6 months
• C) Only records that can be electronically searched
• D) Nothing; searches are voluntary

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Definitions:

Object Permanence

The concept that objects remain in existence even when they're not being perceived through sight, sound, touch, smell, or any other senses.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Piaget's Theory

A theory of cognitive development that describes how children's intellect grows through four stages as they learn to understand the world.

Representational Thinking

A cognitive process in which abstract concepts are understood by linking them to concrete experiences or symbols.