Which two transaction types warrant investigation?

In the summer, an institution identifies anti-money laundering concerns regarding a customer’s account activity. The customer, an ice cream parlor, has deposited a lot of checks drawn on banks in foreign countries, sent large number of high dollar international wires to different countries, made cash deposits of a few hundred dollars every few days and written multiple checks for a few hundred dollars to the same dozen payees every two weeks.

Which two transaction types warrant investigation? (Choose two.)
A . Regular cash deposits
B . The wires to foreign countries
C . Repeated checks to the same payees
D . Checks drawn on banks in foreign countries

View Answer

Answer: BD