Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam 2025 - Free CAMS Practice Questions and Study Guide

The authority to appoint a Federal Receiver in the United States resides with a Federal Court. This mechanism is utilized mainly in cases where a federal court identifies a need for an independent party to manage or oversee a business or organization, particularly in situations involving receiverships due to financial distress or legal violations. The Federal Court's appointment ensures that there is judicial oversight over the receiver's actions, helping to protect the rights of various stakeholders and maintain the integrity of the legal process.

In contrast, the other options do not possess the jurisdiction required for appointing a Federal Receiver. A State Legislature operates at the state level and lacks authority in federal matters. The President of the United States does not have direct involvement in the day-to-day legal proceedings that would require the appointment of a Federal Receiver. Lastly, while the Department of Justice may play a role in investigations and prosecutions related to financial misconduct, it does not have the power to appoint a receiver directly – this remains a function of the courts.