Placement- Physically placing bulk cash proceeds
Washing- Making sure the money is clean
Layering- Separating the proceeds of the crimincal activity from their origins through layers of complex financial transactions.
Spending- Spend that cash!
Integration- Providing an apparently legitimate explanation for the illicit proceeds.
You can toss it right away
Extremely clean cash.
Member tries to evade reporting requirements.
Insufficient or suspicious information.
Cash that smells incredibly fresh.
Unusual fund transfer activities.
Sudden changes in transaction patterns.
Abnormal business activities.
Types of accounts the CU offers, methods of establishing account, and verification procedures
Types of accounts the CU offers, length of time the person has lived here, and personal discretion
Amount of money they have, methods of establishing account, and verification procedures
None of the above.
Checks Issued by GBFCU
Record of COD- purchase AND withdrawal
Members pizza delivery history.
Any foreign item over $10,000 received or sent by us.
Documentation of cash recieved.