Which of these is most likely to call for a suspicious transaction report, rather than…

Question

Which of these is most likely to call for a suspicious transaction report, rather than only a cash threshold report?

Accepted Answer

Several cash deposits just under the threshold, with no lawful explanation — Deliberately splitting cash into amounts just under the threshold, with no lawful purpose, is structuring, a classic indicator requiring a suspicious transaction report. A single explained cash payment above the threshold calls for a cash threshold report, and routine debit orders and electronic transfers are not reportable as such.

Which of these is most likely to call for a suspicious transaction report, rather than only a cash threshold report?

Why this is the answer

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