Individuals or businesses offering short-term loans secured by personal property, holding items as collateral until repayment or forfeiture. They typically operate on a local or community basis.
Main/
Pawnshop Operator
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Code
AT0016
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Name
Pawnshop Operator
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Version
1.0
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Category
Corporate & Commercial Entities
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Created
2025-03-12
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Modified
2025-04-02
Related Techniques
Pawnshop operators may unknowingly accept counterfeit currency:
- Criminals use fake notes to purchase or redeem items of value that can later be resold.
- Inadequate detection measures enable these transactions to convert counterfeit bills into legitimate goods or funds.
Pawnshop operators can repeatedly accept jewelry at inconsistent valuations and grant or settle loans without thorough appraisals. This practice allows criminals to introduce illicit funds incrementally and complicates a financial institution’s due diligence when these transactions appear legitimate on the surface.