Lawyers who lack experience in providing specific services requested by clients or receive unusually high fees can raise red flags for money laundering. Inadequate documentation of case notes may also be suspicious, but the absence of experience and excessive fees are more significant indicators. These behaviors warrant further scrutiny to assess potential money laundering risks12.
[References:, 1. ComplyAdvantage: AML Red Flags – What are the Top 10 Indicators?, 2. HyperVerge: AML Red Flags: A Guide to Identification and Response, , , , ]
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