CAMS Exam Dumps | A bank sells reloadable open-loop prepaid cards to both customers and non-customers. What is a red flag

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Question 189/292

A bank sells reloadable open-loop prepaid cards to both customers and non-customers.
What is a red flag associated with these cards that may indicate money laundering?

A. A bank customer historically purchases several prepaid cards near year-end.

B. A non-bank customer regularly loads large amounts of cash onto several prepaid cards.

C. A non-bank customer consistently uses the bank to obtain cash advances using a prepaid card.

D. A bank customer routinely purchases five prepaid cards in small even-dollar amounts on a monthly basis.

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