AMLCTFRATM501 – Risk indicators of suspicious matters

The following types of unusual matters may occur and may be considered a risk or “red” flag indicators of a suspicious matter:

Sometimes it may be one or more of the indicators listed below that trigger a feeling of mistrust or apprehension.

• Unusual transactions or circumstances are evident
• Known business background of the customer may be considered suspicious
• Customer profile does not match the amount of funds they are gambling — low income versus large amounts of gambled fund.  It is known that a customer receives Centrelink benefits or has a low paying job, but they gamble significant sums of money.  Ask yourself, how they got access to that kind of money
• Customers who gamble with large amounts of cash and do not use the ATM
• Production of unusual or false identification
• The use of aliases and, or a variety of similar addresses
• Customer sources of funds are suspected to be linked to criminal activity
• Customers asking for cheques to be made out below $10,000
• Customers asking for cheques to be broken down into smaller amounts and each cheque written in a different (third party) name
• Customers in the gaming machine areas that appear to have no visible intention of playing gaming machines
• Customers who approach other customers to purchase payout vouchers
• Customer who may request for a cheque to be written in the name of a third party
• High redemptions over a short period with little to no turnover
• Sum of transactions adds up to significant amounts of money
• A customer receiving a volume of cheques within a specific period that is beyond that of which would be considered to be a reasonable amount of winnings by one person.
• A customer receiving multiple cheque payments on a single day beyond that of which would be considered to be a reasonable amount of winnings by one person for one day
• The customer involved in a transaction is regarded as a high risk politically exposed person.