A customer living in a high-risk jurisdiction makes frequent, large cash deposits at a bank. The same customer sends sma
Posted: Thu Jul 21, 2022 8:58 pm
A customer living in a high-risk jurisdiction makes frequent, large cash deposits at a bank. The same customer sends small wire transfers to unrelated parties in other high-risk jurisdictions.
What are two red flags that may indicate money laundering? (Choose two.)
A. The bank allows cash deposits
B. The client resides in a high-risk jurisdiction
C. Wire transfers are to high-risk jurisdiction
D. Large cash deposits are from a high-risk jurisdiction
What are two red flags that may indicate money laundering? (Choose two.)
A. The bank allows cash deposits
B. The client resides in a high-risk jurisdiction
C. Wire transfers are to high-risk jurisdiction
D. Large cash deposits are from a high-risk jurisdiction