An immigrant residing in South Africa opens a bank account that includes a debit card. Several months
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Question:
An immigrant residing in South Africa opens a bank account that includes a debit card. Several months later, the transactional monitoring system identifieshuge deposits into the bank account, followed by corresponding ATM withdrawals from a country bordering a conflict zone. Identify the risk in this situation, and discuss any (3) three key components of the risk using the risk-based approach.
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