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A customer opens a corporate account with a broker-dealer on behalf of several beneficial owners,...

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A customer opens a corporate account with a broker-dealer on behalf of several beneficial owners, with a

stated long-term investment goal. The customer deposits $25.5 million into the account and three days later transfers $5 million to an overseas bank. Shortly thereafter, the customer begins making numerous purchases of pesos. The compliance officer receives a query regarding the movement of funds. Within a month of account opening, the customer depletes the account.

Which two red flags should prompt the firm’s compliance officer to take action? (Choose two.)

A.

The new account deposit is $25.5 million

B.

A corporate account is opened on behalf of several beneficial owners

C.

The compliance officer receives the query regarding the movement of funds

D.

The customer’s stated investment goal is not reflective of account activity

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