General Studies · Anti-Money Laundering
A bank notices multiple high-value transactions in a customer's account over a short period that do not match the customer's declared income profile. What is the correct operational step under AML/CFT guidelines?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inform SEBI directly regarding the unusual transaction pattern.
- 2Conduct deep transaction monitoring and file a Suspicious Transaction Report (STR) to FIU-IND.✓
- 3Immediately block the account permanently without any internal review or reporting.
- 4Ignore the transactions as long as the primary KYC documents are verified and on record.
Correct answer
Conduct deep transaction monitoring and file a Suspicious Transaction Report (STR) to FIU-IND.
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