CAMS Exam Dumps | An international bank is investigating a payment requested by one of its correspondent relationships

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Question 274/374

An international bank is investigating a payment requested by one of its correspondent relationships that generated an alert in the automated transaction monitoring system.
The payment originated from a corporation located in Hong Kong, and the final beneficiary is an individual in New York.
Which steps should the bank take first to address the alert? (Select Three.)

A. Call the receiving individual to review identity verification documents.

B. Confirm that neither the beneficiary nor the originator are sanctioned parties.

C. Request supporting documents, including invoices and contracts, to confirm the purpose of the payment.

D. Check for negative news in public sources on the sender and receiver.

E. Send a 314(b) request to the corporation's bank in Hong Kong.

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