Webclass 116: Is Money Laundering affecting your business - even if you are not in the finance sector?

Q1. Why would large cash advances to a credit card indicate a red flag?

Because a fraudster may put dirty money onto a credit card in order to use it to make purchases so that the money is integrated.

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Because usually people do not put cash advances on cards, usually they work up a credit first.

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Q2. Why might it be illegal for large department stores, luxury goods stores, or electronic stores to allow mass sales of a particular product?

Because these sales could be done in order to launder money, and so in some countries, mass sales are illegal.

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Because these sales might cause an inventory shortage.

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Q3. Why do e-commerce platforms sometimes require the proof of shipping?

Because if the product is not shipped then it is possible that the seller account and product are fake and are being used to funnel money in order to integrate it.

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Because the product might get shipped too late and this would cause a bad reputation for the platform.

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Q4. Why are high volumes of refunds on hotel platforms a possible red flag for Money Laundering?

Because the fraudster may reserve a room with dirty money and then request the refund in order to re-integrate the money into the system.

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Because the fraudster may use the hotel room for a purpose other than that intended, such as the location of a shell company.

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Q5. Why might the reactivation of dormant accounts be a possible red flag for Money Laundering?

Because it is easier for fraudsters to purchase dormant accounts and use those to launder money, rather than having to go through all of the control check for the creation of new accounts.

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Because the owner of the dormant account may realize that they should get back into business.

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Q6. Why are casinos high-risk for money laundering?

Because people can pay large amounts of cash at casinos and then get a receipt for the winnings that they can then integrate more easily.

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Because in casinos people tend to loose more money than they inject.

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Q7. How can Russian fraudsters use AirBnB to launder money?

Enroll accomplice hosts to allow them to book there rooms but not use them and then refund the proceeds.

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Pay money to hosts of AirBnB so that they can rent out their rooms in order to carry out illegal activity in the room.

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Q8. Why might a fake distributor be both a customer and a vendor for the high-street mall?

Because they are purchasing high-value products from the high-street mall in cash/ stolen credit cards/ from shell company accounts and then they are selling the products back again to the same mall in order to integrate the dirty money.

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Because they are selling fake products to the high street mall.

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Q9. What could duplicate recordings of a QR code indicate, when they are in different regions and in the same time period?

That counterfeit copies are out on the black market.

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That warranty fraud is occurring.

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Q10. Why should the HQ of FMCG companies partner entities in the distribution chain?

To ensure that their distributors are not using the distribution chain of their products to launder money (and this may be a legal reporting requirement).

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To ensure that they set the correct prices with their first tier distributors.

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Q11. Why is it a red flag if a customer has multiple accounts on the same e-commerce platform?

Because they could be using "smurfing" to make multiple lower-value payments in order to integrate a large combined volume of dirty money.

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Because they could be purchasing too much and reselling the items on the black market.

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Q12. In Vietnam which industries are required to do reporting on Money Laundering controls?

Any industries that the government deems at risk.

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Only the banking sector.

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Q13. Why might you want to use a network diagram rather than individual tests of similarities between customer accounts?

Because there can be many different attributes that customers can be similar for and we want to see them all on one page.

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Because the network diagram uses artificial intelligence to automatically determine the risks between the customers.

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Q14. What type of test helps us to similarities between customers?

Duplicates tests on different attributes.

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Comparison of the total value of transactions per customer.

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Q15. Which python library allows you to scrap websites the quickest?

Beautiful Soup

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Selenium

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Q16. Why would you also want to run standard checks on the consistency of your third-party database as part of money laundering internal controls?

Because fraudsters will try to hide their identity by providing as little information as possible.

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Because fraudsters will generally speaking not be found in your referential database.

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Q17. Why might you want to see on a scatter diagram of number of transactions versus value bucket, a larger dot if the value bucket is rare for the customer?

Because this helps to see large dots on the graph for all customers that have transactions that are different to their normal profile.

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Because the size of the dot is proportional to the level of risk.

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Q18. Why is it a red flag if there are high-value transactions with politically exposed or high-level CEOs in the region where you operate?

Because these persons are more likely to be able to integrate large sums of dirty money into the system by purchasing high-value ticket items from your organisation and reselling it in the local market.

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Because these persons do not need large-volumes of product for their personal use.

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Webclass 116: Is Money Laundering affecting your business – even if you are not in the finance sector?

Webclass 116: Is Money Laundering affecting your business – even if you are not in the finance sector?

admin June 9, 2026

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