What are the red flags of money laundering?

Identifying Red Flags of Money Laundering

Several indicators can signal potential money laundering activities. These include significant cash transactions, intentionally structuring payments to evade reporting thresholds, and the swift transfer of funds. Additionally, unusual patterns of customer behavior, an absence of legitimate business reasons for transactions, engagement with non-resident clients or Politically Exposed Persons (PEPs), offshore dealings, and transactions with unregistered or unlicensed entities are all concerning signs.