Cash transactions

Red flags include:

  • Large cash deposits without counting the cash

  • Exchanging small bills for large bills

  • Cash deposits contain fake bills, musty or very dirty bills

  • Students who have access to large sums of money

  • Offshore institutions whose names resemble well known institutions

  • Transaction includes offshore islands or locations difficult to find on a map

  • Customer performs FX without caring about spread

  • Telephone number disconnected

  • Customer does not want any mail

  • Customer deposits cash wrapped in currency straps

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