Which customer actions are red flags for virtual currency peer-to-peer transactions? (Choose two.)

The correct answer is A. A customer receives funds from a popular decentralized mixer D. A customer receives multiple wires from different sources and uses those funds to purchase. Receiving funds from a decentralized mixer and using multiple incoming wires from different sources to purchase virtual currency are red flags, as they can indicate attempts to obscure the origin of funds and facilitate money laundering through virtual asset transactions.

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Question

Options

AA customer receives funds from a popular decentralized mixer
BA customer uses funds from their monthly income to purchase virtual currency
CA customer makes a transaction on the blockchain that their traditional financial institution is
DA customer receives multiple wires from different sources and uses those funds to purchase

How the community answered

(43 responses)

A
84% (36)
B
5% (2)
C
12% (5)

Explanation

Receiving funds from a decentralized mixer and using multiple incoming wires from different sources to purchase virtual currency are red flags, as they can indicate attempts to obscure the origin of funds and facilitate money laundering through virtual asset transactions.

Topics

#virtual currency#cryptocurrency red flags#decentralized mixers#peer-to-peer transactions

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