When the account officer is absent, who may approve a CD withdrawal?

When the account officer is absent, who may approve a CD withdrawal?

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

Answer: (B)

When a CD withdrawal needs authorization but the account officer is not present, the bank relies on a designated backup approver who ensures the request follows compliance and risk controls. The BSA Officer is the person in this scenario because their role is to review transactions for anti-money-laundering and customer due-diligence requirements, verify identities, and confirm that the withdrawal is legitimate and properly documented before funds are released. This provides an independent check that protects the bank and the customer from improper disbursement. The teller can only act on approved instructions, and the customer cannot approve their own withdrawal.

When a CD withdrawal needs authorization but the account officer is not present, the bank relies on a designated backup approver who ensures the request follows compliance and risk controls. The BSA Officer is the person in this scenario because their role is to review transactions for anti-money-laundering and customer due-diligence requirements, verify identities, and confirm that the withdrawal is legitimate and properly documented before funds are released. This provides an independent check that protects the bank and the customer from improper disbursement. The teller can only act on approved instructions, and the customer cannot approve their own withdrawal.