How to tell if someone is money laundering?
Approved answer
Indicators of Potential Money Laundering
Be on the lookout for the following warning signs:
- Frequent and rapid transactions involving the same asset.
- Payments made in cash or through third-party agents that lack sufficient business justification.
- Utilization of offshore trusts or companies to hide the actual ownership of assets.
- Unanticipated early repayments, such as those for a mortgage.