In this situation, which of the following is the immediate concern for the institution?

An anti-money laundering specialist is concerned that several suspicious transaction reports will discuss potential illegal activity of bank employees.

In this situation, which of the following is the immediate concern for the institution?
A . Prohibiting distribution of suspicious transaction report copies to the Board.
B. The timing of the presentation of suspicious transaction reports to the competent authority.
C. The type of form to be used when reporting to the Board.
D. Ensuring no delay in informing the Board.

View Answer

Answer: D