Which of these statements are Red Flags that may signal Colleague involvement in money laundering, terrorist financing or consumer fraud?
(Select all that apply)
Colleague tells a customer how to work around a policy so the transaction goes
undetected.
Colleague violates company limits or identification requirements on the sale of
various money services products.
Colleague appears to be living above his/her prior lifestyle.
Colleague answers a customer's question on Wire Transfer funds.
A colleague has one or more customers asking specifically for him/her to process
money service or product transactions.
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SUBMIT

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?