Certified Anti-Money Laundering Specialist (#13)

A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes. The compliance officer immediately checks the official’s account and new account the official opened at the bank a few weeks ago. The compliance officer’s investigation of these accounts discloses that the official’s long-standing account had no unusual activity and that the recently opened had no activity since it was opened. What should the compliance officer do next?

Wait until the new account receives funds and confirm their source
Call the competent authorities to assess the need to file a suspicious transaction report
Meet with staff who opened the account to understand its nature and purpose
Call the office to confirm the need for multiple accounts