DPMS-WIRE-002High Risk
wire activity
Red Flag
Corporate customer wires funds for a large bullion purchase from an account that receives frequent unexplained cash deposits, suggesting the wire is a layering step in a cash conversion scheme.
Industry
Dealers in Precious Metals
Transaction Type
wire
Customer Type
business entity
Category
Regulatory Source
Document:FIN-2014-G001 MSB Expectations
Type:FinCEN Guidance
CFR Citation:31 CFR §1027.210
SAR Category:Suspicious activity
FinCEN Key Term:Layered Wire Purchase
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.