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Can a customer use a personal account for business purposes?

Question: 
Why is using a personal account for business purposes a red flag for money laundering?
Answer: 

Customers who use personal accounts often cash checks made payable to themselves and only deposit what they need to cover their bills. These customers sometimes hide their real income and business from the IRS.
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Suspicious Activity Reporting - Frontline Staff Training

First published on 02/03/2019

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