The anti-money laundering compliance officer for a small money transmitter has several agent locations in the same geographic area in the United States. The customers are immigrants from Country A and the majority of the funds are remitted to Country A.In a meeting with one of the agents, it is recently discovered that two new customers have been coming in three times a week and sending funds to the same recipient in Country B. Each cash transaction always totals exactly $8, 000.What should alert the agent to possible money laundering activity by the two customers?
Answer(s): A
A bank receives an anonymous tip from an employee about another employee through its confidential hotline. Which activity warrants further review?
Answer(s): B
A bank located in New York has identified suspicious transactions at a correspondent bank in China. For one of the international customers, the correspondent bank is not following agreed upon protocols.Which factor indicates that the bank should terminate the relationship?
Answer(s): C
Which two channels can be utilized during a cross-border money laundering investigation to assist in gathering information according to Financial Action Task Force? (Choose two.)
Answer(s): A,B
During a law enforcement investigative interview regarding potential money laundering, the suspect starts making assertions and statements that the investigator believes are false.How should the investigator respond?
Answer(s): D
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