SIE Exam Question 179: Answer and Explanation

Question: 179

Which of the following account activities in a newly opened account would raise suspicions as a possible money laundering activity?

  • A. Multiple deposits that are immediately wired out of the account to a foreign bank.
  • B. Multiple deposits from other financial institutions that fund the purchases of several securities that remain in the account.
  • C. One large deposit that is only partially invested in securities.
  • D. Funds received via Fedwire

Correct Answer: A

Explanation:

Multiple deposits that are immediately wired out of the account to a foreign bank would raise suspicions as a possible money laundering activity. All other choices are considered normal transactions and, therefore, not suspicious activity that could be seen on money laundering.

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