How should the institution respond?

In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.

How should the institution respond?
A . File a suspicious transaction report
B . Instruct the tellers not to process remittances for these customers in the future
C . Conduct further investigation to determine whether this is truly suspicious activity
D . Immediately contact the customers and ask them why they are remitting money more often

View Answer

Answer: C