Financial transaction report

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1. Michael Vaughn a loan clerk at Bank of Alias tells fellow clerk Sydney Bristow that he has appropriated 5,000. He tearfully informs Sydney that he is sure to be discovered when he goes on vacation. Unless Sydney covers for him. He swears that he will return the money as soon as he gets back. If you were Sydney, what should you do? Justify your answer

2. Critically differentiate between "Financial Transaction Report" and "Suspicious Activity Reports" in terms of when and why is it used by Tellers for reporting purposes to prevent fraud.

Reference no: EM133046325

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