Question 5 You are the compliance manager of Mango Bank. Today, you check the customer activity reports and note that one of your clients Mr. Rock Cheung has the following account transactions last month. According to the bank record, Rock is a project officer in a local trading company. He has maintained three savings accounts with your bank under his sole name. On 10 and 12 April 2020, a sum of HK$850,000 and HK$700,000 were remitted from the United States of America and deposited into one of Rock's savings accounts On 13 April 2020, the total sum was then remitted to a bank in Thailand and deposited into a company account through e-Banking On 18 April 2020, two remittances of a total of HK$450,000 from Taiwan were deposited into Rock's savings account. These monies were then withdrawn in cash over the bank counter or through ATM in the following week You suspect that Rock is committing money laundering. You follow the bank's procedure and report the case to your department head and start the investigation. (a) Justify with reasons why you suspect Rock's accounts are involved in money laundering (4 marks) (b) Discuss why you should report the money laundering case for investigation. (6 marks) (c) Give and describe THREE other examples of suspicious banking transactions connected to money laundering. (6 marks) (d) Banks usually have effective system of control to monitor the money laundering activities. Explain what system of control is. (4 marks)