How is this treated under the current Money Laundering Regulations?

Michael, an insurance company employee, strongly suspects that a recent transaction involved money laundering but decides NOT to report his suspicions to anyone.

How is this treated under the current Money Laundering Regulations?
A . It is a disciplinary offence under the Banking Code.
B. It is a civil offence.
C. It is a criminal offence.
D. It is a disciplinary offence dealt with by the Money Laundering Joint Steering Committee.

View Answer

Answer: D