A US casino customer has won 55,518 USD. The customer goes to the casino cashier cage to execute some transactions. Which ^transactions are an indicator of money laundering? (Select Two.)

The correct answer is A. The customer transfers 100.000 USD to another personal bank account located outside the B. The customer requests the cashing out of the winnings in checks under 10.000 USD. These options involve transferring funds to another country, which could indicate cross-border movement of illicit funds, and cashing out winnings in checks under 10,000 USD, which could indicate structuring to avoid reporting thresholds. The other options do not seem as…

Risks and Methods of Money Laundering and Terrorist Financing

Question

Options

AThe customer transfers 100.000 USD to another personal bank account located outside the
BThe customer requests the cashing out of the winnings in checks under 10.000 USD.
CThe customer transfers all the winnings to another personal bank account located outside the
DThe customer requests the cashing out of the winnings in a single check.
EThe customer transfers 50.000 USD to another personal bank account located in the customer's

How the community answered

(29 responses)

A
76% (22)
C
7% (2)
D
3% (1)
E
14% (4)

Explanation

These options involve transferring funds to another country, which could indicate cross-border movement of illicit funds, and cashing out winnings in checks under 10,000 USD, which could indicate structuring to avoid reporting thresholds. The other options do not seem as suspicious or relevant to money laundering.

Topics

#casino#structuring#money laundering indicators#cash transactions

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