A financial institution in a jurisdiction with currency reporting thresholds is undergoing a branch office compliance review. A large number of currency transactions in amounts exceeding a reporting threshold were discovered without a currency transaction report (CTR) being filed. The transactions were handled by the same teller (cashier). This teller (cashier) was recently hired and had not received anti-money laundering training yet. The branch manager received daily exception reports of all large currency transactions as well as a report of all CTR filings. Which of the following should the compliance officer recommend as the initial action?

The compliance officer for a bank is reviewing on-boarding documents for a new business account for a domestic corporation. The officer is unable to verify the identity of the beneficial owners of the company.
Only
information on the nominee owners was provided, and none of the listed addresses are local. The purpose of the business and future expected activity were disclosed to include cash letters, money orders and international remittance transfers.
Which red flag identifies a heightened money laundering risk?

A financial institution is reorganizing and the anti-money laundering officer is now required to report to the Head of Operations?

A bank customer operates a fuel station as a sole proprietorship.
The customer places deposits and other credits in a business account.
The customer routinely transfers money from the business account to a brokerage account where he invests in money market securities.
The customer also routinely makes monthly transfers to a credit card and line of credit to pay off balances.
The volume of activity flowing through the business account has doubled in the past 3 months.
An internal investigator reviews business account statements and credit card activity for the past 3 months, scans media articles about the customer, and interviews the account officer about the customer and account activity.
This internal investigation did not provide an explanation for the increased activity1.
Which of the following should the anti-money laundering specialist recommend to the internal investigator?

In which three circumstances foes a large-cash deposit most likely reflect money laundering?