CHAPTER9
Fraud and Anti-money Laundering
A credit card theft ring has been operating in the area of Brooklyn, New York. They have been involved in skimming credit cards at various gas stations, restaurants, and retail merchants. A sharp fraud investigator working for one of the banks whose credit card has been compromised notices a trend that indicates possible locations of a number of the breeches. Ultimately, a suspicious activity report (SAR) is completed and submitted.
An anti-money laundering (AML) investigator from the same bank observes numerous red-flag transactions that resulted in several “alerts” being triggered. It so happens that one of the owners of one of the aforementioned restaurants and one of the ...
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