What are two red flags that indicate possible money laundering or terrorist financing? (Choose two.)

Last Updated on January 25, 2022 by Admin 3

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.)

  • The restaurant is located in a different city
  • The daily cash deposits are so close in amount
  • It is a new account that has daily cash deposits
  • The new account demonstrates a steady flow of income
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