International wire transfers are considered to be of highest money laundering risk because they can facilitate the rapid and anonymous movement of funds across borders and jurisdictions, making it difficult for law enforcement and regulators to trace the origin and destination of the funds, and to identify the beneficial owners and controllers of the accounts involved. International wire transfers can also be used to layer and integrate illicit proceeds into the legitimate financial system, by disguising the source, ownership, and purpose of the funds. International wire transfers can involve multiple intermediaries, complex payment chains, and inconsistent or incomplete information, whichcan increase the risk of money laundering and terrorist financing. Therefore, international wire transfers are subject to enhanced due diligence, record-keeping, and reporting requirements under various anti-money laundering and counter-terrorist financing (AML/CTF) regulations and standards, such as the Financial Action Task Force (FATF) Recommendations1, the European Union (EU) Funds Transfer Regulation2, and the United States (US) Bank Secrecy Act3.
:
1: FATF (2012), International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation, FATF, Paris, France, Recommendation 16 and Interpretive Note to Recommendation 16. 2:
Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006 (OJ L 141, 5.6.2015, p. 1) 4 3:
31 U.S.C. §§ 5311-5330 and 31 C.F.R. Chapter X
V
You cannot make international money transfers unless the money is credited to the account. So first priority saving account, subsequent risk international wire transfer
"A savings account, as well as a checking account, can be one of the riskiest financial instruments for money laundering operations given the ease with which it can be opened and operated".

Bank A should file a suspicious transaction report (STR) on the transaction in Country A, as it is the financial institution that observes and processes the suspicious activity in its jurisdiction. According to the FATF Recommendations, financial institutions should report any transaction that they have reason to suspect is related to money laundering, terrorist financing, or other criminal activities, regardless of the amount involved1. The STR should include information about the originator, the beneficiary, and the purpose of the transaction, as well as the reasons for suspicion2. Bank A should also comply with any legal or regulatory requirements in Country A regarding the reporting of cross-border wire transfers3.
:
1: FATF Recommendation 20 - Reporting of suspicious transactions
2: FATF Interpretive Note to Recommendation 20
3: FATF Recommendation 16 - Wire transfers
Reference:http://www.fatf-gafi.org/media/fatf/documents/recommendations/pdfs/FATF%
20Recommendations%20(approved%20February%202012)%20reprint%20May%202012%20web%20version.
pdf(page 19, DNFBPs: customer due diligence, bulleted point (b))

The key goal of EU Directives on money laundering is to establish a consistent regulatory environment across the EU to prevent money laundering and terrorist financing, and to align EU policy with international standards and best practices. EU Directives are legal acts that set out the objectives and principles that member states must achieve, but leave the choice of methods and measures to the national authorities. EU Directives on money laundering aim to harmonize the rules and obligations for FIs and other obliged entities in the areas of customer due diligence, record-keeping, reporting, supervision, and sanctions. They also aim to address the emerging threats and vulnerabilities of the financial system, such as the use of virtual assets, prepaid cards, high-risk third countries, and beneficial ownership. By creating a consistent regulatory environment across the EU, the Directives seek to enhance the effectiveness and cooperation of the AML
/CFT regime, and to protect the integrity and stability of the internal market and the financial system.
:
1: Guide to EU Anti Money Laundering Directives (AMLD) - ComplyAdvantage1
2: Directive - 2015/849 - EN - Fourth Anti-Money Laundering Directive - EUR-Lex2
3: EU context of anti-money laundering and countering the financing of terrorism3

TheAML analyst must gather additional informationbefore determining if an alert is suspicious.
Option C (Correct):Requesting information from the relationship managerhelps determineif the transaction is in line with the customer's profile.
Option A (Incorrect):Below-the-line testingis useful forcalibrating AML models, but it doesnot help in real- time case evaluation.
Option B (Incorrect):Directly contacting a counterparty bankmaynot be appropriatewithout internal analysis first.
Option D (Incorrect):Restricting accessis aserious actionthat should only be takenafter a full investigation.
Reference:FATF Recommendation 10 (Customer Due Diligence), Wolfsberg Group Guidance on AML Investigations, FinCEN Transaction Monitoring Guidelines.

SAR information is highly sensitive, and institutions must follow strict confidentiality rules to protect investigations and avoid "tipping off" customers.
Option D (Correct): Statistical summaries (e.g., the number of SARs filed, trends, typologies) help the Board monitor AML risks without disclosing confidential details.
Option A (Incorrect): Providing all possible details may violate SAR confidentiality laws.
Option B (Incorrect): Sharing full SAR copies with non-compliance staff is not permitted under AML regulations.
Option C (Incorrect): Naming specific customers under SAR review risks "tipping off" or leaking confidential information.
Best Practices for SAR Reporting to the Board:
Provide anonymized statistics on SAR trends.
Highlight emerging AML risks and compliance effectiveness.
Avoid disclosing specific cases or customer names.
Reference:
FinCEN SAR Confidentiality Rules (U.S.)
6th EU Anti-Money Laundering Directive (6AMLD)
FATF Recommendation 20 (Reporting Suspicious Transactions)