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