ACAMS
CAMS · Question #236
A new accounts representative recently opened an account for individual whose stated employment is tutoring students. Which customer action indicates possible money laundering?
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Risks and Methods of Money Laundering and Terrorist Financing
Question
A new accounts representative recently opened an account for individual whose stated employment is tutoring students. Which customer action indicates possible money laundering?
Options
- AContinually making weekly small cash deposits
- BPeriodically initiating wire transfers to another account owned by a relative
- CTransferring all funds to another bank on the same day of large cash deposits
- DOpening a savings account and makes frequent transfers from the checking account
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Topics
#structuring#red flags#same-day transfers#layering