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Question 377

An accounting firm opened an account at a bank that is intended to be used as the operational
account for the business. After a few months, a comprehensive review of the account was triggered
due to unusual activity on the account. Which most likely triggered the review?

  • A. The account receives international payments that are substantially higher than other fees they typically receive. Most Votes
  • B. The account sends monthly donations to several charities that operate in the same communities as the accounting firm.
  • C. The account receives several payments a day from multiple customers who operate in different industries.
  • D. The account receives international wires from companies in the Middle East where the accounting firm has several branches.
Answer:

B


Explanation:
Reference:
https://www.ifc.org/wps/wcm/connect/e7e10e94-3cd8-4f4c-b6f8-
1e14ea9eff80/45464_IFC_AML_Report.pdf?MOD=AJPERES&CVID=mKKNshy

User Votes:
A 52 votes
50%
B 31 votes
50%
C 22 votes
50%
D 8 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 3 months ago

The account receives international payments that are substantially higher than other fees they typically receive.

0
neginarotam
1 year, 1 month ago

C. The account receives several payments a day from multiple customers who operate in different industries.

0
AnaA.
1 year, 1 month ago

R. Le compte reçoit des paiements internationaux qui sont considérablement plus élevés que les autres frais qu'ils reçoivent habituellement.

0
adnan_shaikat
6 months, 4 weeks ago

B. The account sends monthly donations to several charities that operate in the same communities as the accounting firm.

0
ndhami
4 months, 1 week ago

The account receives several payments a day from multiple customers who operate in different industries.

0