A foreign bank maintains a correspondent account in the US. According to an investigation carried out by US authorities, the specific correspondent account seems to have facilitated a transaction involving tainted funds. Which allows the US authorities to seize the funds of the foreign bank held with the US bank?
AnAML analyst at a financial institutionis examining analert generated by the automated transaction monitoring systemto determine whether the alert should beescalated to the AML unit for further investigation or archived as a false positive.
Whichaction might be reasonable for the AML analyst to take?
Whichkey metricwould provide themost valuable datatosenior managementabout theeffectiveness of its AML controls?
Which of the following is an important factor to consider when setting up an anti-financial crimes (AFC) compliance program governance structure?