CSATAL-001 Exam Questions and Answers

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NEW QUESTION: 1
Historically, a tour guide has made monthly cash deposits averaging $10,000. Over the past three months, the monthly deposits have averaged $100,000. When the financial institution questions the increased deposits, the tour guide explains that there have been numerous conventions in town so business has increased substantially.
Which further action(s) should the financial institution take?
A. Schedule a periodic review of activity
B. Immediately terminate the relationship
C. Perform further investigation, if appropriate report the activity to the authorities and consider terminating the relationship
D. Perform further investigation, if appropriate report the activity to the authorities and place a limit on future transactions
Answer: C


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