Verified Answer: D The recommendation that the AMLO should make is to conduct an in-depth

Explanation:investigation into accumulated remittance information in the past year to find the trend

of such transactions. This is because the regular and increasing remittances from a country with high

piracy activity may indicate a possible link to illicit funds derived from piracy or other criminal

activities. According to the World Bank, remittances are often used as a channel for money

laundering and terrorist financing, especially when they originate from or are destined to high-risk

jurisdictions1. Therefore, the AMLO should analyze the remittance data to identify the sources,

destinations, amounts, frequencies, and purposes of the transactions, and compare them with the

customer profiles, expected activities, and risk ratings. The AMLO should also review any relevant

information from external sources, such as media reports, sanctions lists, or law enforcement alerts,

to determine if there are any red flags or indicators of suspicious activity. If the investigation reveals

any evidence or suspicion of money laundering or terrorist financing, the AMLO should file a SAR/STR

to the appropriate AML authority.

Reference:

Remittances data - Migration data portal