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Funneling Cash to Central Account?

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Why does our financial institution no allow people to deposit cash into another person’s account?

Sometimes drug money is deposited in small increments around the country into a central account by non-account owners. This is funneling. Then the money is moved using trade based money laundering or other methods.


Learn more about Deborah Crawford’s

BSA Red Flags for Money Laundering—Staff Training webinar.

First published on 03/21/2021

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