What should a bank focus on to ensure on-going compliance with its AML program?

A compliance officer is developing an anti-money laundering program for a financial institution located in a Financial Action Task Force member country. The institution conducts business with customers located in countries/jurisdictions that are not members of Financia Action Task Force. Which of the following issues should be addressed in the program?

Which action should be taken regarding a particular account once suspicious activity is reported by the institution?

What are the European Union Directives on Money Laundering?

The Wolfsberg Principles for Private Banking list circumstances that would require additional due diligence, including activities that involve which three of these choices?