A compliance analyst is reviewing recent activity between a publicly traded company and a company in a high risk jurisdiction. Which detail suggests that escalation is warranted?
A.
The activity is a reputational risk to the financial institution.
B.
It is the first time the originator wires the beneficiary.
C.
Beneficiary is active in a related industry.
D.
Payments to the beneficiary are for large dollar amounts.
Most Votes
Answer:
D
User Votes:
A 58 votes
50%
B 8 votes
50%
C 1 votes
50%
D 61 votes
50%
Discussions
0/ 1000
Sorak
1 year, 7 months ago
A is reputational risk
AnaA.
1 year, 6 months ago
D. Les paiements au bénéficiaire concernent des montants importants.
alban_999
3 months ago
Activities that pose a reputational risk can impact the institution's credibility, customer trust, and overall business operations.
manju
2 months, 1 week ago
A us the answer
Oluwaseun15
1 month, 1 week ago
The activity is a reputational risk to the financial institution
imranmazhar555
2 days, 11 hours ago
The primary responsibility of a compliance analyst is not only to detect suspicious transactions but also to protect the financial institution from legal, regulatory, and reputational risk.
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A is reputational risk
D. Les paiements au bénéficiaire concernent des montants importants.
Activities that pose a reputational risk can impact the institution's credibility, customer trust, and overall business operations.
A us the answer
The activity is a reputational risk to the financial institution
The primary responsibility of a compliance analyst is not only to detect suspicious transactions but also to protect the financial institution from legal, regulatory, and reputational risk.