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Question 328

A profitable commercial customer who operates an import-export business has multiple accounts
with the same institution at branches m different locations. The customer receives funds from a
jurisdiction perceived as highly corrupt according to Transparency International ratings. The
customer makes frequent transfers among the accounts and prefers to manage the accounts
separately. What should the institution do to mitigate the risk associated with these accounts?

  • A. File a suspicious transaction report
  • B. Diminish the importance of the subjective Transparency International rating
  • C. Conduct a trade-price manipulation analysis
  • D. Develop a system to monitor all the activity Most Votes
Answer:

A


User Votes:
A 18 votes
50%
B
50%
C 9 votes
50%
D 27 votes
50%
Discussions
0 / 1000
Assist.moli
7 months, 4 weeks ago

DDDDDDDDDDDDDDDDDDDDDDDDD

aseel
6 months ago

D. Develop a system to monitor all the activity Most Votes

alban_999
5 days, 9 hours ago

Implementing a comprehensive monitoring system allows the institution to track and analyze all transactions across the customer's multiple accounts, helping to identify any suspicious patterns or activities that may indicate money laundering or other illicit activities.