A financial institution (FI) is conducting a complex investigation of unusual patterns of activity involving multiple businesses, triggered by an automated monitoring system alert. Which techniques…

Question

Options

• APerform a control and ownership assessment of the businesses involved, using the information
• BContact local law enforcement and request that they assist in the analysis and investigation.
• CContact the account manager and ask for the reasons behind the patterns of activity highlighted
• DReview the information presented in the automated monitoring system's alert description and
• EUse social media platforms to connect with the businesses and request details about the account

• A
  81% (30)
• B
  11% (4)
• D
  5% (2)
• E
  3% (1)

Explanation

When investigating unusual transactions, financial institutions must focus on data-driven risk assessment and internal review first. Option A (Correct): Assessing business ownership and control structures helps determine if multiple businesses are connected through hidden links (e.g., shell companies or common Option C (Correct): The account manager may provide valuable insight on whether the customer's activity aligns with their expected profile.

No community discussion yet for this question.