Which of the following aremoney laundering red flagswhen reviewingbusiness operationsof amoney services business (MSB)?

MSBs arevulnerable to financial crimedue to theircash-intensive natureandremittance services.

Option D (Correct):Hesitation to provide beneficiary detailssuggestsanonymity concerns, a common money laundering tactic.

Option E (Correct):Usingmultiple accounts under different namesis aknown structuring techniquetoevade detection.

Option A (Incorrect):Exchanging foreign currency is normal, though higher-risk transactions require monitoring.

Option B (Incorrect):Cash deposits are expectedin MSBs but needadditional risk factorsto be considered suspicious.

Option C (Incorrect):Frequent small transfersmay be normal forremittance businesses.