Detecting AML activities — Red flags

Importance of detection:

Money The best way a financial institution can protect itself from money laundering is to train its employees on how to spot  suspicious transactions and red flags of money laundering.

All employees should have a working knowledge of red flags. For some employees it is more important.

Tellers and other employees who interact directly with customers should have the most training  on how to recognize possible instace of money laundering.

It is also important for individuals who process transaction to know how to spot red flags of money laundering.