To whom should the investigator escalate these concerns?

Upon a routine account review a money laundering investigator identified a number of large round dollar wire transfer deposits into a business account owned by a local auto repair shop. The wire transfers all originated from a country that is a known financial secrecy haven with poor anti-money laundering controls. The investigator concludes there appears to be no legitimate business purpose for the wire transfers and files a suspicious transaction report. The owner of the auto repair shop is popular in the community and is a well-known philanthropist.

To whom should the investigator escalate these concerns?
A . Audit committee
B . Chairman of the Board
C . The owner of the auto repair shop
D . The bank anti-money laundering officer

View Answer

Answer: D