Friday, November 17th 2017
 
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  1. Consecutive transactions with total exceeding the threshold limit.
  2. Unjustifiable account activity concerning the size and frequency of transactions.
  3. Frequent deposits followed by frequent withdrawals.
  4. Exchanging large amounts of small denomination bills for large denominations bills (same or different Currency)
  5. Requests for wire transfers or bankers checks in exchange for currency.
  6. High volume of bankers' or travelers' checks deposited into an account with no justifiable reasons.
  7. Maintaining large number of accounts not commensurate with the type of business.
  8. Cashing checks earned from gambling.

The role of the Special Investigation Commission on fighting money laundering and terrorism financing is to apply the laws and regulations in force. This is done by fostering interagency and global cooperation for fighting domestic and international money-laundering and terrorism financing crimes.  

The SIC investigates reported suspicious transactions, with a proactive approach in applying the provisions of Law 44. Cases considered by the SIC as money laundering and terrorism financing are deferred to the judicial authorities and to other concerned parties, as specified in the said law. Consequently, banking secrecy is lifted on the accounts involved.

Money-laundering operations may occur in any business especially: 

· Banks 
· Other financial institutions (insurance, mutual funds, etc.) 
· Money exchange firms 
· Antique dealers 
· Real estate concerns 
· Jewelry dealers 

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