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A junior account manager within an international private bank in Country A was asked by one of his valued customers, who has held an account for several years in the institution, about depositing a large sum of cash into her account. The junior account manager informed his customer that his bank does not accept cash. The junior account manager later reviewed a customer activity report and noticed a number of smaller dollar wires from banks in neighboring Country B, which has lax currency controls, had totaled about as much as the customer intended to deposit. What should the junior account manager do?
Correct Answer: C
Recent Comments (The most recent comments are at the top.)
UMMER FAROOK - Aug 10, 2024
notify anti-money laundering specialist of his bank, but do not call the customer
Recent Comments (The most recent comments are at the top.)
notify anti-money laundering specialist of his bank, but do not call the customer
AML Analyst/officer files STR