CAMS Exam Dumps | An audit completed the previous week revealed that a private banking customer submitted incomplete documents

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Question 209/292

An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier in the year. The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction.
While the Relationship Manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering.
The Relationship Manager is a friend of the anti-money laundering specialist. Which of the following should the anti-money laundering officer do first?

A. Suspend the transfer until the relationship manager returns.

B. Postpone the follow-up on the audit finding.

C. File a suspicious transaction report with the competent authority.

D. Investigate the transfer of funds.

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