ACAMS
CAMS · Question #217
When an institution files an STR with regard to a particular account, what steps should the institution take visa account?
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Conducting and Responding to Investigations
Question
When an institution files an STR with regard to a particular account, what steps should the institution take visa account?
Options
- AThe institution should close the account due to the obvious risk it represents
- BThe institution should keep the account open due to the need to continue to monitor the account
- CThe institution should consult its counsel and AML compliance officer and determine whether
- DThe institution should not close the account due to the risk of tipping off the customer and
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Topics
#STR filing#account management post-STR#tipping off#AML compliance decision