Which of the following are the most suspicious transaction indicators related to casino activities? 1. A client requests a winnings check (cheque) in a third party's name. 2. Acquaintances bet…

Question

Options

• A1, 2, and 3 only
• B1, 2, and 4 only
• C1, 3, and 4 only
• D2, 3, and 4 only

• A
  4% (1)
• B
  72% (18)
• C
  8% (2)
• D
  16% (4)

Explanation

The most suspicious transaction indicators related to casino activities are: A client requests a winnings check (cheque) in a third party's name. This could indicate an attempt to conceal the source or ownership of the funds, or to evade reporting requirements. Acquaintances bet against each other in even-money games and it appears they are intentionally losing to one of the parties. This could indicate a scheme to launder money through the casino by transferring funds from one party to another without attracting attention. A client requests the transfer of winnings to the bank account of a third party in a country without an effective anti- money laundering regime. This could indicate an attempt to move funds to a high-risk jurisdiction or to a person or entity that is involved in illicit activities.

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