What action must Ambroise take after Chioke completes the required forms and provides identification?

The correct action Ambroise must take after Chioke completes the required forms and provides identification is to report the transaction within 14 days. This requirement aligns with regulatory compliance protocols, particularly related to anti-money laundering (AML) and know your customer (KYC) regulations.

In financial transactions, especially those involving investment accounts or services, there is a legal obligation to monitor and report specific activities that may raise suspicion. Reporting within the designated timeframe is crucial to ensure that the financial institution adheres to these regulatory standards. Failure to do so could result in compliance issues for the financial institution and potential legal consequences.

While opening the account immediately might seem like a straightforward response, it does not account for the necessary screening and compliance checks that must be fulfilled after receiving all required documentation and identification. Accepting the deposit without reporting would violate the protocols designed to identify and prevent financial crimes. Informing Chioke that the transaction is denied would be unwarranted unless there was a specific reason related to the information provided or the nature of the transaction raised concerns. Therefore, the requirement to report the transaction within 14 days is a critical step in maintaining the integrity of the financial system.