United Nations Office on Drugs and Crime Risk of Money Laundering through Financial Instruments RiskRisk ofof MoneyMoney LaunderingLaundering throughthrough FinancialFinancial Instruments,Instruments, UsersUsers andand EmployeesEmployees ofof FinancialFinancial InstitutionsInstitutions English Version 1 Copyright UNODC February 2010 Non-official translation © UNODC Calle 102 No 17 A - 61 Bogotá - Colombia Phone: (+57 1 ) 6467000 Fax: (+57 1 ) 6467000 Ext: 337 E-mail:
[email protected] www.unodc.org Version design: Diana Guayara V. Print edition by: Alvi Impresores Ltda. Phone: 250 1584 Printed and Made in Colombia CONTENTS Page INTRODUCTION ............................................................................................................... 7 PART I KNOWN FINANCIAL INSTRUMENTS. ............................................................................ 9 1. CHECKING ACCOUNT ..................................................................................... 11 1.1 Description ........................................................................................................ 11 1.2 Documents of interest ....................................................................................... 12 1.2.1 Application for opening account ........................................................................ 12 1.2.1.1 Warning signs during opening and management of checking account ............. 13 1.2.2. The recording of authorized signatures ............................................................. 15 1.2.2.1 Warning signs