Posted by: Pdfprep
Post Date: November 17, 2020
In reviewing recent transaction activity, a compliance officer for a money transmitter notices that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?
A . File a suspicious transaction report
B . Instruct the tellers not to process remittances for these customers in the future
C . Conduct further investigation to determine whether this is truly suspicious activity
D . Immediately contact the customers and ask them why they are remitting money more often
Answer: C
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