If the officer on the CD withdrawal is not present, who can approve the withdrawal?

If the officer on the CD withdrawal is not present, who can approve the withdrawal?

• A. The Branch Manager
• B. The Teller
• C. The BSA Officer
• D. The Customer

Answer: (C)

When a withdrawal from a CD needs an approving officer, the person who signs off ensures the request is legitimate, properly documented, and in line with all bank rules. If the designated officer isn’t present, the backup authority in this policy is the BSA Officer. The BSA Officer’s role revolves around Bank Secrecy Act compliance and AML controls, so they review the withdrawal for potential red flags, verify customer identity and activity, and confirm that all required documentation and approvals are in place. This keeps the transaction under proper supervision and helps prevent unauthorized or suspicious activity from slipping through. Tellers don’t have the authority to approve withdrawals, and customers cannot approve their own withdrawals. The branch manager would typically be a higher-level approver, but in this specific procedure the designated backup is the BSA Officer to preserve compliance and oversight.

When a withdrawal from a CD needs an approving officer, the person who signs off ensures the request is legitimate, properly documented, and in line with all bank rules. If the designated officer isn’t present, the backup authority in this policy is the BSA Officer. The BSA Officer’s role revolves around Bank Secrecy Act compliance and AML controls, so they review the withdrawal for potential red flags, verify customer identity and activity, and confirm that all required documentation and approvals are in place. This keeps the transaction under proper supervision and helps prevent unauthorized or suspicious activity from slipping through.

Tellers don’t have the authority to approve withdrawals, and customers cannot approve their own withdrawals. The branch manager would typically be a higher-level approver, but in this specific procedure the designated backup is the BSA Officer to preserve compliance and oversight.