ALL FINANCIAL INSTITUTIONS

• Customer Provides Insufficient or Suspicious Information
• Customer Attempts To Avoid Reporting or Recordkeeping Requirement
• Suspicious Currency/Account Activities
• Suspicious Activities Involving Endorsed and Third-Party Checks
• Suspicious Activities With Monetary Instruments
• Suspicious Activities With Credit Card Checks
• Suspicious Activities With Food Stamps
• Suspicious Activities With Funds Transfers
• Activity Inconsistent With Customer’s Business
• Suspicious Activity With Money Services Businesses
• Suspicious Activity Indicating Informal Value Transfer Systems
• Suspicious Activity Regarding Nonprofit and Charity Customers
• Suspicious Activities Involving ATMs
• Activity Indicating Customer Is a Shell Corporation or Shell Bank
• Suspicious Foreign Exchange Activities
• Suspicious Foreign Financial Institution Activities
• Suspicious Correspondent Account Activity
• Suspicious Activity Indicating Coupon Redemption Fraud
• Suspicious Activity Regarding Employees
• Suspicious Activity With OFAC- Blocked Individuals/Entities
• Indicators of Proliferation Financing for WMD

BANKS

• Suspicious Safe Deposit Box Activities
• Suspicious Activities Regarding Branch and Vault Shipments

LOANS AND LENDING

• Suspicious Activities Involving Loans
• Suspicious Certificate of Deposit Activities
• Suspicious Activities Regarding IRS Refund Anticipation Loans

MONEY SERVICES BUSINESSES

BROKER-DEALERS, FUTURES COMMISSION MERCHANTS, INTRODUCING BROKERS, MUTUAL FUNDS

HEDGE FUNDS

INSURANCE COMPANIES

CASINOS AND CARD CLUBS

REAL ESTATE ACTIVITIES

CAR SALES

TRADE-BASED ACTIVITES

INTERNET PAYMENT SERVICE PROVIDERS

The Financial Crimes Enforcement Network and the supervisory agencies have been issuing indicators, “red flags,” of money laundering and terrorist financing for many years, and the editors have been including lists of these red flags in the checklists for each industry. As these separate lists of red flags grew, we realized that many of them overlapped, and that many relevant for one industry were also relevant for others, and we decided that it would be most helpful to our subscribers to consolidate the red flags into one tabular list that would be searchable for key words. There is inevitably redundancy in such a list since red flags for one segment of the financial services industry may be similar to those for others. Some red flags are more specific than others, and come closer to being case histories. No effort was made to achieve a uniform level of generality since the issuing agencies themselves have often gone from extremely general to extremely detailed, sometimes inside of a single list. This list will be updated more frequently than most of the lists here, so please download and distribute to appropriate personnel periodically.

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