Certified Anti-Money Laundering Specialist (#35)

Which statement is true about banking regulatory agencies having the authority to obtain information from regulated institutions?

The regulatory agencies may only obtain information from the regulated institution’s books and records by virtue of a search warrant
A search warrant may be substituted by a court subpoena compelling the institution to produce the information to the regulatory agency
The agencies authority to conduct examinations negates the need for a warrant or subpoena
If a regulatory agency intends to prosecute a regulated institution, a warrant or subpoena must first be granted before the information can be obtained