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Evaluate the 360 Degree Risk-Based Investigations Model. Write a 3-4 page assessment explaining each step of the model and how it relates to what you have learned thus far in this course.
1. Step 1: Trigger the Event explain the sources of investigation that would trigger an event (i.e transaction monitoring or law enforcement) and how this is important for an investigator as they begin their investigation.
2. Explain Step 2 and the importance of knowing your customer.
3. A complete similar analysis for the remaining steps. Using real-life case examples is a good way to explain these steps as well.
4. Finally, tell me if you think this model is effective for conducting an investigation. Why/why not? Defend your argument with relevant examples.
Investigations can be initiated by a financial institution proactively monitoring for potentially suspicious activity, regulatory recommendations, negative news, or from a subpoena from law enforcement. No matter how the investigation was initiated, the process for analyzing the transactions will be the same