A Routine Review of Account Records Reveals That Suspicious Activity

question 359

Multiple Choice

A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?

• A) A SAR should be filed.
• B) The bank's board of directors should discuss the account activity without the affected director being present.
• C) The bank's president should meet with the affected director to discuss the account activity.
• D) The bank should file a CTR, checking the box that indicates the report is for suspicious activity.

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