Egmont 100 Sanitized Cases. Money Laundering Indicators
One of the valuable achievements of the Egmont Group is publishing Egmont 100 sanitized cases. This is a compilation published in 2001 to describe and analyze 100 sanitized cases on successes and learning moments in fighting money laundering and a product of contributions made by Egmont Group members.
After editing 100 cases, the Egmont Group produced a list of most frequently observed indicators that point at money laundering. They are as follows:
- large-scale transactions;
- atypical or uneconomical fund transfer to or from foreign jurisdiction;
- unusual business activity or transaction;
- large and/or rapid movements of funds;
- unrealistic wealth compared to client profile;
- defensive stance to questioning.