APPENDIXA

Money-Laundering Red Flags

Potentially Suspicious Activity That May Indicate Money Laundering

This content of this appendix on various red flags comes from the Federal Financial Institution Examination Council (www.ffiec.gov/bsa_aml_infobase/documents/BSA_AML_Man_2014.pdf, pages F-1 to F-9).

Customers Who Provide Insufficient or Suspicious Information

  • A customer uses unusual or suspicious identification documents that cannot be readily verified.
  • A customer provides an individual taxpayer identification number after having previously used a Social Security number.
  • A customer uses different taxpayer identification ­numbers with variations of his or her name.
  • A business is reluctant, when establishing a new account, to provide complete information ...

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