To what extent should senior management and the Board of Directors be involved in the filing of any STR?
What is the most effective criterion for determining the beneficial ownership of funds?
What indicates potential money laundering activity by a lawyer?
When a bank performs a risk assessment, what areas should an institution focus on?
What is the intentional evasion of a reporting or recordkeeping requirement?
A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business. One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle. What warrants enhanced due diligence in this scenario?
