Certified Anti-Money Laundering Specialist (#59)

A quarterly review is conducted on a retail customer’s account at a bank located in a jurisdiction with currency reporting thresholds. A number of large deposits of financial instruments drawn on other institutions in amounts under thresholds were noted. This activity did not fit the account’s historical profile. A suspicious transaction report will most likely be filed if what also occurred?

The customer has defaulted on a large loan with the bank
The deposited financial instruments were sequentially numbered
Four deposits were made during this period that exceeded the thresholds
The customer purchased financial instruments exceeding the threshold on three occasions