A bank employee recently opened an account for a new restaurant. Daily cash deposits over a three-month period are close to $9,500.
What are two red flags that indicate possible money laundering or terrorist financing? (Choose two.)
A. The restaurant is located in a different city Most Voted
B. The daily cash deposits are so close in amount Most Voted
C. It is a new account that has daily cash deposits
D. The new account demonstrates a steady flow of income
A bank employee recently opened an account for a new restaurant. Daily cash deposits over a three-month period are close
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
A bank employee recently opened an account for a new restaurant. Daily cash deposits over a three-month period are close
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!