What are two red flags that may indicate money laundering?

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

View Answer

Answer: CD

Explanation:

Reference: https://aml-cft.net/library/banks-amlcft-red-flags/