Below are a list of Trends and Typologies practiced generally which you should be aware of:
Mis-use of Money Value Transmission Services (MVTs) Examples of MVTs are Western Union and MoneyGram;
Several individuals overseas are sending money to one person in Barbados or one person in Barbados is sending money to disparate persons overseas.
Business email compromise
A scam in which the attacker gains access to a corporate email account and spoofs the owner’s identity to defraud the company or its employees, customers or partners of money.
Smurfing, which is sometimes called structuring, is a well-known money laundering method that is considered a crime in most countries. Smurfing involves dividing illegal proceeds between multiple persons, known as “smurfs” who then make multiple deposits into many separate accounts, often at different institutions, in order to avoid reporting thresholds.
Attempted Use of pawnbrokers to sell stolen items;
In using pawnbrokers, customers may legitimately “pawn” items with an option repurchase the item within a specified time frame. Several individuals have attempted to “pawn” stolen items.
Solicitation of disparate persons to wire funds;
Individuals solicit persons with seemingly no connection to wire funds out of jurisdiction on a patterned basis.
Use of fraudulent documents such as cheques; ID(s); job letters etc.
Individuals forge documents such as ID, job letters and reference letters in order to obtain loan facilities and other services from financial institutions. Cheques may also be forged by using the logos of established financial institutions.