Cams Exam Quesiton No 33

Question No 33:

An anti-money laundering specialist is employed by a large bank. An account owner is well-known to the specialist and the account has been open at the bank for several years. The specialist noticed that financial instruments have been deposited in a suspicious manner over the last four months, leading him to file two Suspicious Transaction Reports (STRs) on the account. Recently, suspicious activity involving high-risk countries has been detected over the last few days.
Various law enforcement agencies have called to discuss the STRs with the specialist. The specialist has asked the agents whether they think the relationship with the customer should be terminated. These agents advised that this a business decision for the bank to make. The specialist has kept the legal advisors and upper management apprised of the activity and has provided them copies of the STRs. Which of the following should the specialist recommend?

A. Terminate the relationship with this account owner if possible.
B. Monitor the account for continued suspicious activity.
C. Contact the account owner again about the nature of suspicious transactions.
D. Seek guidance from regulators regarding a decision to terminate the account.

Answer: A