An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the tr
Posted: Wed Aug 03, 2022 9:20 am
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
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