Which are red flags indicating potential engagement of a bank employee in money laundering? (Select Two.)

Question

Options

• ALavish lifestyle that cannot be supported by an employee's salary, and E. Maintaining
• BReluctance to take a vacation when the employee has sufficient leave
• CFailure to meet business goals for more than one period
• DProviding longer than usual services for a certain customer
• EMaintaining friendships with customers and going to restaurants, games, and other events

• A
  71% (17)
• B
  4% (1)
• C
  17% (4)
• D
  8% (2)

Explanation

The two red flags indicating potential engagement of a bank employee in money laundering are friendships with customers and going to restaurants, games, and other events. A bank employee who has a lifestyle that cannot be supported by their salary could be receiving money from illicit activities. Similarly, if the employee is maintaining friendships and going to social events with customers, they could be receiving money in exchange for providing special services. These behaviors should be monitored closely to ensure that the employee is not engaging in activities that could be linked to money laundering.

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