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A customer has held an account at a local credit institution for 10 years. The account has received deposits twice weekly for the same amount and has never shown signs of suspect behavior. Monitoring software indicated that in the past few months the account has received several large deposits that were not in line with the account history. When asked, the customer states she recently sold a piece of property, which is supported with a proof of sale. What should the compliance officer do next?
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B. Investigate these unusual transactions further
C. Document reasons for not filing a STR
D. File an STR with the competent authorities
Answer: D
NEW QUESTION: 2
Which of the following metrics would be the MOST useful in measuring how well information security is monitoring violation logs?
A. Violation log reports produced
B. Violation log entries
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D. Frequency of corrective actions taken
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The most useful metric is one that measures the degree to which complete follow-through has taken place.
The quantity of reports, entries on reports and the frequency of corrective actions are not indicative of whether or not investigative action was taken.
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