ACAMS
CAMS · Question #39
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently. How should the institution respo
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Conducting and Responding to Investigations
Question
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently. How should the institution respond?
Options
- AFile a suspicious transaction report
- BInstruct the tellers not to process remittances for these customers in the future
- CConduct further investigation to determine whether this is truly suspicious activity
- DImmediately contact the customers and ask them why they are remitting money more often
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Topics
#transaction monitoring#money transmitter#remittance patterns#investigation triggers