QUESTION 42. What are two red flags that may indicate money laundering?

QUESTION 42 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 Correct Answer: CD Explanation...