A bank employee reviews wire transactions looking for indications of wire stripping. Which two actions should the employ

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

A bank employee reviews wire transactions looking for indications of wire stripping. Which two actions should the employ

Post by answerhappygod »

A bank employee reviews wire transactions looking for indications of wire stripping.
Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)

A. Compare the wire transaction as it enters and after it leaves the bank
B. Check for suspicious phrases usually used to conceal originator or beneficiary identity
C. Identify large incoming wire transactions received on behalf of a foreign client with no explicit reason
D. Identify wire transaction activity to or from a financial institution located in a higher risk jurisdiction
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!

This topic has 1 reply

You must be a registered member and logged in to view the replies in this topic.


Register Login
 
Post Reply