A bank maintains a relationship with a customer who owns a small bakery business. Which customer action indicates potent
Posted: Wed Mar 09, 2022 7:51 am
A bank maintains a relationship with a customer who owns a small bakery business.
Which customer action indicates potential money laundering?
A. The customer continually makes regular cash deposits
B. The customer has multiple bank accounts at several locations
C. The customer purchased property insurance that is twice the value of the business
D. The customer recently wired a large amount to a foreign jurisdiction where family is located
Which customer action indicates potential money laundering?
A. The customer continually makes regular cash deposits
B. The customer has multiple bank accounts at several locations
C. The customer purchased property insurance that is twice the value of the business
D. The customer recently wired a large amount to a foreign jurisdiction where family is located