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Question 382

Which is the main objective when a financial institution (FI) conducts an investigation?

  • A. Keep policies and procedures updated
  • B. Keep all the documentation
  • C. Know the customer
  • D. Track the movement of the money Most Votes
Answer:

A


User Votes:
A 28 votes
50%
B 15 votes
50%
C 25 votes
50%
D 82 votes
50%
Discussions
0 / 1000
tinaguha
1 year, 5 months ago

Track the movement of the money

Sorak
1 year, 4 months ago

D follow the money

neginarotam
1 year, 4 months ago

D. Track the movement of the money

AnaA.
1 year, 3 months ago

D. Suivre le mouvement de l'argent

Allam
1 year, 1 month ago

Follow the money

adnan_shaikat
9 months, 2 weeks ago

Track the movement of the money

adnan_shaikat
9 months, 1 week ago

D. Track the movement of the money

ndhami
6 months, 2 weeks ago

Know the customer

dionette_tayl
1 month, 3 weeks ago

C. Know the customer

rahuljoshua
2 weeks, 5 days ago

The main objective when a financial institution conducts an investigation is to track the movement of money to identify any suspicious activity, such as money laundering or terrorist financing. This helps ensure that the financial institution can detect, prevent, and report any illicit transactions as part of its anti-money laundering (AML) compliance obligations.