Which customer behaviour might indicate potential risk of money laundering?
Behaviour that might suggest money laundering risk could be when a customer:
- does not want to give identification, or provides an identification that is not satisfactory.
- does not want to reveal the name of a person they represent.
- enters into transactions that do not make commercial sense.
- agrees to bear very high or uncommercial penalties or charges.
- is involved in transactions where you cannot easily check where funds have come from.
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