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Posted on Jul 08, 2024

You suspect a customer is laundering money for a friend, by using cash, monetary instruments, wire transfers and reloadable prepaid cards to move money through

You suspect a customer is laundering money for a friend, by using cash, monetary instruments, wire transfers and reloadable prepaid cards to move money through the bank without a traceable audit trail. 1. What records would you pull from your institution's records? 2. What specifically would you look at in reviewing the records? 3. What would you consider as red flags and why

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