Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)

Last Updated on January 25, 2022 by Admin 3

A bank employee reviews wire transactions looking for indications of wire stripping.

Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)

  • Compare the wire transaction as it enters and after it leaves the bank
  • Check for suspicious phrases usually used to conceal originator or beneficiary identity
  • Identify large incoming wire transactions received on behalf of a foreign client with no explicit reason
  • Identify wire transaction activity to or from a financial institution located in a higher risk jurisdiction
Explanation:
Reference: https://www.lexology.com/library/detail.aspx?g=79732c5e-b4bf-456a-9604-712f44f5a930
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