Upon filing a suspicious transaction report, which of th€ following elements should be the highest anti-money laundering priority in making the…

According to the CAMS Certification Package - 6th Edition1, the decision to keep or close an account

after filing a suspicious transaction report (STR) should be based on a risk-based approach that

considers the nature and severity of the suspicious activity, the customer profile and relationship, the

regulatory and legal obligations, and the reputational and operational risks for the institution. The

financial impact, the administrativecosts, and the number of accounts closed are not the primary

factors in determining the appropriate course of action. Therefore, the correct answer is B.

Procedures to ascertain the potential risk to the organization.

CAMS Certification Package - 6th Edition1, Chapter 5: Risk Management, Section: Account Closure,

pp. 211-212.