Q23: If a bank forms a suspicion of money laundering and reasonably believes that performing the Customer Due Diligence (CDD) process will "tip-off" the customer, it must proceed with the CDD process cautiously.

True

False, it must not pursue CDD, and instead file a Suspicious Transaction Report (STR).

True, but it must request a police presence during the CDD.

False, it must immediately close the branch for the day.

✅ Correct Answer: B

Where the bank forms a suspicion of money laundering or terrorist financing, and it reasonably believes that performing the CDD process will tip-off the customer, it shall not pursue the CDD process, and instead file an STR with FIU-IND.

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Bank Promotion Exam Guide

Q23: If a bank forms a suspicion of money laundering and reasonably believes that performing the Customer Due Diligence (CDD) process will "tip-off" the customer, it must proceed with the CDD process cautiously.

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