Posted by: Pdfprep
Post Date: October 28, 2020
A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a bank employee. The law enforcement officer refers to a kiting suspicious transaction report filed by the compliance officer and requests further information.
What action should the compliance officer take?
A . Inform the board of directors
B . Call the employee and demand an explanation
C . Allow access to the bank’s documents immediately
D . Provide the information to the law enforcement in response to a formal written request
Answer: D
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