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.)

Which action should financial institutions with cross border correspondent banking activity be required to perform according to the Financial Action Task Force 40 Recommendations?

Why can terrorist financing be very difficult to identify?

Which safeguard is in place for Financial Intelligence Units (FIUs) to share information securely according to Egmont?

What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?