The Payments That Did Not Fit
A trade customer whose money stopped matching its business, and the question every panel in these seats asks: when is it enough to report?
Banking Seat File No. 3 — Financial crime · Compliance
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// THE CASE
A kitchenware importer, a customer for four years and rated medium risk, has a new director. In six months, US$2.4M arrives from three foreign companies that are not its customers and leaves within 48 hours for a new supplier, against invoices for electronic components. A monitoring alert has fired twice and been closed as consistent with trade. It fires a third time. The relationship manager says they have diversified.
THE QUESTION
What are the grounds, do you report now or investigate first, and why did it take three alerts?
WHAT EACH SEAT IS ASKED
- Financial crime: What are the grounds for suspicion, and what would clear them?
- Financial crime: Do you report now, or investigate further first?
- Compliance: Why did this take six months and three alerts?
The worked answer — and the ninety seconds you would say out loud — are in the file.
// WHAT THE TEN PAGES CARRY
- What these panels are testingThe one instinct the seats' interviews listen for, and the three signals they grade.
- The caseThe file as it lands on your desk: the setup, the numbers, and the question each seat is asked.
- The worked readThree pages: what actually happened, how each seat records and answers it, and what not to accept.
- What you would sayThe answer in ninety seconds, spoken in the order a senior person in the seat speaks it.
- Three curveballsWhere the interviewer goes when the obvious case is answered, and how to respond.
// WRITTEN FOR THESE SEATS
Each seat’s page says what the job is, who arrives in it, and what its interview asks. Its practice paper is in the Exam Hall.
The businesses, the people and the figures in this file are composite and fictional; they do not describe a real business, transaction or bank’s policy. Practice, law and regulation vary by institution and jurisdiction.