An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the tr
Posted: Thu Jul 21, 2022 8:58 pm
An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the transactional monitoring system identifies small deposits into the account followed by corresponding ATM withdrawals from a country bordering a conflict zone.
How should the bank respond?
A. Block any further activity
B. File a suspicious transaction report
C. Initiate an investigation into the activity
D. Contact the customer if the transaction activity continues
How should the bank respond?
A. Block any further activity
B. File a suspicious transaction report
C. Initiate an investigation into the activity
D. Contact the customer if the transaction activity continues