Certified Anti-Money Laundering Specialist (#54)

A junior account manager within an international private bank in Country A was asked by one of his valued customers, who has held an account for several years in the institution, about depositing a large sum of cash into her account. The junior account manager informed his customer that his bank does not accept cash. The junior account manager later reviewed a customer activity report and noticed a number of smaller dollar wires from banks in neighboring Country B, which has lax currency controls, that totaled about as much as the customer intended to deposit. What should the junior account manager do?

Close the account
File a suspicious transaction report with the Financial Intelligence Unit
Notify the anti-money laundering specialist of his bank, but do not call the customer
Offer the customer a more secure method of depositing in the hope of learning something more during the conversation