Pre-printed, fixed-amount checks designed for travel and requiring the holder's signature to be cashed. They provide a secure and globally recognized alternative to carrying cash, often used by travelers seeking added protection and convenience.
Main/
Traveler's Checks
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Code
IN0011
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Name
Traveler's Checks
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Version
1.0
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Category
Fiat (Physical/Digital) & Paper-Based Payment Instruments
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Created
2025-02-04
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Modified
2025-04-02
Related Techniques
- Criminals physically transport traveler's checks across international borders, often avoiding the attention that large volumes of cash would attract.
- These checks can be promptly cashed or deposited abroad, sometimes circumventing stringent currency declaration requirements.
- Their global acceptance and ease of use allow swift conversion into local currency, reducing the paper trail needed for AML compliance.
- Criminals purchase traveler's checks with undeclared cash, often below thresholds, leveraging their acceptance as quasi-cash equivalents.
- These checks are more portable and generally subject to fewer questions than large cash deposits, facilitating the layering stage.
- They can also be carried or deposited across borders without the same disclosure requirements applied to physical currency.