Which rule concerns sharing information for investigative purposes?

Study for the Certified Bank Secrecy Act Professional Test. Use flashcards and multiple-choice questions with hints and explanations. Get exam ready!

The part that covers sharing information for investigative purposes is 314(a) Information Sharing. This provision is designed to support law enforcement investigations by allowing a government agency, often through FinCEN, to issue a 314(a) request to financial institutions. Banks then search their records for matches to identifiers provided in the request and share any relevant findings with the requesting agency and, as directed, with other institutions. The goal is to identify and locate individuals or networks involved in terrorism or money laundering across multiple institutions.

In contrast, 314(b) Information Sharing involves voluntary collaboration among financial institutions to share information about potential terrorist activity or money laundering, but only with the consent of law enforcement and under protections intended to safeguard information. It’s about cooperation among banks rather than direct investigative requests initiated by law enforcement. The other options refer to broader or different concepts and do not specifically describe the targeted investigative information sharing action facilitated by 314(a).