ACAMS
CAMS · Question #714
Which of the following activities are considered money laundering red flags when reviewing business operations of a money services business (MSB)? (Select Two.)
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Risks and Methods of Money Laundering and Terrorist Financing
Question
Which of the following activities are considered money laundering red flags when reviewing business operations of a money services business (MSB)? (Select Two.)
Options
- AA customer exchanging foreign currency from a higher-risk jurisdiction for domestic currency
- BCash-intensive businesses, such as convenience stores or restaurants, making large cash
- CA customer completing frequent small-dollar international money transfers to their native
- DA customer being hesitant to provide beneficiary name or address information when sending
- EA customer using multiple accounts under different names to conduct transactions.
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Topics
#money services business#red flags#structuring#beneficiary information