ACAMS
CAMS · Question #223
A bank sells reloadable open-loop prepaid cards to both customers and non-customers. What is a red flag associated with these cards that may indicate money laundering?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A bank sells reloadable open-loop prepaid cards to both customers and non-customers. What is a red flag associated with these cards that may indicate money laundering?
Options
- AA bank customer historically purchases several prepaid cards near year-end.
- BA non-bank customer regularly loads large amounts of cash onto several prepaid cards.
- CA non-bank customer consistently uses the bank to obtain cash advances using a prepaid card.
- DA bank customer routinely purchases five prepaid cards in small even-dollar amounts on a
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Topics
#prepaid cards#cash loading#red flags#money laundering typologies