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A client at a financial institution deposits large amounts of money into an account, and almost immediately, the funds are then distributed to numerous individuals' accounts. The transaction activity described in the scenario is a pattern of:
Suggested Answer: B
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Deposit trading is a pattern of suspicious activity where a client deposits large amounts of money into an account, and then transfers the funds to other accounts, often in different jurisdictions or countries. This could be an attempt to disguise the source or destination of the funds, or to avoid reporting requirements. Deposit trading is also known as layering, which is the second stage of money laundering.
3 comments · newest first
MA
Marjory
22 hours ago
Geographic usage seems off here; it’s more about how the money is moved around. I’m leaning towards deposit trading, but I could be wrong.
JE
Jeannine
6 days ago
I remember a practice question about account usage patterns, but this one feels different since it involves distributing funds.
LE
Leslie
11 days ago
I think this might relate to deposit trading, but I'm not entirely sure. It sounds like a way to move money quickly.