Given a DataFrame of transactions, you need to identify which transactions should be flagged for compliance review. A transaction should be flagged if its amount is greater than $10,000 or if its country is in the provided list of high-risk countries. You must add a new column called compliance_flag to the DataFrame, indicating with True or False whether each transaction is flagged. After updating the DataFrame, print a summary statement showing how many transactions were flagged out of the total.
Conceptual steps:
- Add a
compliance_flagcolumn to the DataFrame. - Set
compliance_flagtoTruefor transactions where the amount is greater than $10,000 or the country is in the high-risk list. - Set
compliance_flagtoFalsefor all other transactions. - Print a summary statement showing the number of flagged transactions and the total number of transactions.
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Challenge: Implement Compliance Flags
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Given a DataFrame of transactions, you need to identify which transactions should be flagged for compliance review. A transaction should be flagged if its amount is greater than $10,000 or if its country is in the provided list of high-risk countries. You must add a new column called compliance_flag to the DataFrame, indicating with True or False whether each transaction is flagged. After updating the DataFrame, print a summary statement showing how many transactions were flagged out of the total.
Conceptual steps:
- Add a
compliance_flagcolumn to the DataFrame. - Set
compliance_flagtoTruefor transactions where the amount is greater than $10,000 or the country is in the high-risk list. - Set
compliance_flagtoFalsefor all other transactions. - Print a summary statement showing the number of flagged transactions and the total number of transactions.
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