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American Bankers Association Exam CRCM Topic 3 Question 71 Discussion

Actual exam question for American Bankers Association's Certified Regulatory Compliance Manager exam
Question #: 71
Topic #: 3
[All Certified Regulatory Compliance Manager Questions]

The BSA officer has just been notified by the chief operations officer that, due to a glitch in the bank's OFAC interdiction software, wires have been regularly transmitted to a bank on the SDN list. Based on the OFAC Enforcement Guidance, what should the BSA Officer do FIRST to attempt to mitigate any penalties?

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Suggested Answer: B

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