CRCM Exam Dumps | Your institution has identified a transaction by an existing depositor that should be blocked under OFAC

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Question 174/253

Your institution has identified a transaction by an existing depositor that should be blocked under OFAC requirements. The branch manager contacts you for specific instructions. Before reporting the transaction to OFAC, what should the bank do?

A. Place the funds in an interest-bearing account

B. Close the customer's account

C. Reject the transaction

D. Process the transaction

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Question 174/253

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