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NEW QUESTION: 2
AUTOBIOGRAPHY: AUTHOR
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NEW QUESTION: 3
A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes from a well-known construction company with offices in the town. The compliance officer immediately checks the official's account and other recently opened accounts at the bank. The official opened a new account at the bank a few weeks ago. The compliance officer's investigation of these accounts discloses that the official's longstanding account had no unusual activity and the recently opened account had no activity since it was opened. Which of the following should the compliance officer do next?
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B. Wait until the new account receives funds and confirm their source.
C. Meet with staff who opened the account to understand its nature and purpose.
D. Call the competent authorities to assess the need to file a suspicious transaction report.
Answer: C

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