Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam

What is an investigative log?

1. A summary of all financial transactions

2. A record of the evidence and findings of an investigation

3. A list of suspects in a criminal case

4. A document for tracking financial performance

The correct answer is: A record of the evidence and findings of an investigation

An investigative log is a crucial tool utilized during investigations, particularly in the context of anti-money laundering (AML) and other financial crime investigations. Its primary function is to provide a comprehensive record of the evidence collected and the findings derived throughout the investigative process. By maintaining a detailed log, investigators can keep track of key actions taken, observations made, interviews conducted, and any relevant evidence discovered. This thorough documentation is essential for substantiating findings and ensuring that all pertinent information is readily accessible for reporting or legal proceedings. Other choices focus on different aspects of financial or criminal documentation rather than the specific purpose of an investigative log. A summary of all financial transactions might give an overview of financial activity but would not capture the procedural details or evidence relevant to a specific investigation. A list of suspects is useful in criminal cases but does not encompass the investigative process itself, lacking depth regarding evidence and findings. A document for tracking financial performance serves a different purpose, geared towards analyzing organizational financial health rather than supporting investigative actions. Therefore, the choice highlighting the record of evidence and findings stands out as the most accurate definition of an investigative log.