ACAMS
CAMS · Question #34
An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the transactional monitoring system identifies small deposits into the account followe
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Conducting and Responding to Investigations
Question
An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the transactional monitoring system identifies small deposits into the account followed by corresponding ATM withdrawals from a country bordering a conflict zone. How should the bank respond?
Options
- ABlock any further activity
- BFile a suspicious transaction report
- CInitiate an investigation into the activity
- DContact the customer if the transaction activity continues
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Topics
#transaction monitoring#conflict zones#ATM withdrawals#remittance red flags