A compliance officer discovers that a long-standing client recently appeared on the OFAC SDN list. What is the immediate required action?
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A
Close the account within 30 days and file a SAR
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B
Block the account and file a report with OFAC as soon as possible
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C
Notify the client and give them 15 days to dispute the designation
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D
Escalate to senior management and monitor for 90 days before acting