Financial Crime World

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Large Transaction Records

Date: March 12, 2023

Transaction Details

  • Receipt of Cash: $10,000 received in a single transaction.
  • Account Information: The cash was deposited into Account #123456, held by John Doe and Jane Smith, at [Bank Name] at 9:00 AM on March 12, 2023.
  • Other Parties Involved: No other parties were involved in this transaction.
  • Fiat Currency: The transaction involved the receipt of $10,000 USD cash.
  • Method of Receipt: The cash was received through a night deposit box at [Bank Name].
  • Exchange Rates: N/A
  • Affected Accounts: Account #123456 is the only account affected by this transaction.

Purpose of Transaction

The purpose of this transaction is to purchase precious metals and stones from a dealer.

Remittance Details

  • Method of Remittance: The cash was received in exchange for the sale of gold jewelry.
  • Type and Amount of Funds Involved: $10,000 USD cash was received.
  • Name of Person or Entity Involved: [Dealer’s Name], a dealer in precious metals and stones.

Precious Metals and Stones Details

  • Type of Precious Metals and Stones: Gold jewelry
  • Value of Precious Metals and Stones: The value of the gold jewelry is $12,000, which is different from the amount of cash received.
  • Wholesale Value of Precious Metals and Stones: The wholesale value of the gold jewelry is $10,000.

Importance of Transaction Record

This transaction record is required to be kept by [Bank Name] due to the large amount of cash involved in this transaction. It will help in detecting and preventing money laundering and terrorist financing activities.