Which practices should be considered when investigating unusual transactions and activities? (Select Three.)

Question

Options

• AFocusing primarily on quantitative metrics, such as transaction amounts.
• BEvaluating the transactions by cross-referencing with known external factors, such as market
• CDiscussing with the responsible relationship manager, who may have insights into the customer's
• DUtilizing a risk-based approach to determine the level of scrutiny required for different types of
• EPrioritizing automated alerts over manual reviews to streamline the investigation process.

• A
  11% (5)
• B
  83% (39)
• E
  6% (3)

Explanation

A proper investigation of unusual transactions requires a mix of data analysis, contextual review, and expert judgment to assess potential risks. Option B (Correct): Cross-referencing transactions with external factors (e.g., political events, commodity price fluctuations, news reports) helps identify potential links to illicit activities. Option C (Correct): The relationship manager may provide insights into whether a transaction aligns with the customer's known profile and business activity. Option D (Correct): A risk-based approach ensures that higher-risk transactions receive enhanced scrutiny, while lower-risk ones undergo standard monitoring.

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