Which should be included?

A new AML Officer for a US-based money service business (MSB) is drafting procedures around types of activity that require further review.

Which should be included? (Choose two.)
A . A customer visiting multiple branches of the MSB on the same day in order to transfer funds internationally.
B. A customer buying several money orders totaling over $10,000 USD using debit card on the same day using government-issued identification.
C. A customer sending funds to a family member living in a high-risk jurisdiction that is subject to civil unrest.
D. A customer buying multiple money orders for $250 totaling $2,000 USD.
E. A customer attempting to buy money orders under $3,000 USD in cash multiple times a day.

View Answer

Answer: A,B

Explanation:

Reference: https://www.fdic.gov/regulations/safety/manual/section8-1.pdf