17 Jun Examples
Posted at 21:29h in
Examples of suspicious transactions include, but are not limited to:
- Transactions or instructions that make no business sense or have no apparent economic purpose.
- Transactions or instructions that are unnecessarily complex, illogical, inconvenient, or not the secure way of doing business.
- Transactions that are much larger, more frequent, or otherwise out of the normal pattern for the customer.
- Customer refuses to provide information in response to a CDD request.
- Customer requests transfers to or from high-risk jurisdictions or to entities not connected with the business enterprise.
- Unnecessary routing of funds through third-party accounts.