Look at the Following Scenarios, and Select the Ones, that need to be flagged under an Anti-Money- Laundering (A.M.L.) Programme.
I: A Customer cancels a Transaction, and requests to do a Second Transaction for Less Amount, in order to avoid providing His or Her Identity-Proof.
II: A Customer requests an Un-Usually High Dollar- Transaction, and cannot explain the Reason for the Transaction or the Source of the Cash.
III: A Customer appears Nervous and asks Un-Usual Questions about Your Record-Keeping.IV: A Customer tries to bribe a Teller.

Question

Quizplus · Accepted Answer

All scenarios described are potential red flags for money laundering activities. Scenario I suggests structuring to avoid identification, II indicates a transaction without a clear source or purpose, III shows behavior that could indicate an attempt to probe for vulnerabilities in record-keeping, and IV directly involves illicit activity to influence bank operations.

Look at the Following Scenarios, and Select the Ones, That