Automated Teller Machine (ATM) services provide customers with the ability to perform banking transactions such as cash withdrawals, deposits, account inquiries, and fund transfers without needing to visit a bank branch. These services are available 24/7 and are offered by banks and financial institutions through electronic banking outlets at various locations.
Main/
ATM Services
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Code
PS0024
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Name
ATM Services
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Version
1.0
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Category
Payment, Transfer & Remittance Services
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Repeated small deposits or withdrawals via ATMs help criminals stay below official reporting ceilings.
- Offenders can rotate multiple cards or accounts, reducing the likelihood of automated alerts.
- Repeated cash deposits or withdrawals under reporting thresholds circumvent standard suspicious transaction triggers.
- Scattering ATM usage across multiple locations or foreign ATMs masks the overall illicit flow.
- Criminals repeatedly deposit or withdraw cash in small increments, keeping each transaction below reporting thresholds.
- By using multiple ATM locations and spacing out transactions, they evade aggregated monitoring that might otherwise detect large or frequent cash movements.
- Minimal in-person oversight at ATMs reduces the likelihood of immediate scrutiny, facilitating the structuring process.
- Criminals make repeated small cash deposits or withdrawals across multiple ATMs to remain below reporting thresholds.
- This fragmentation of transactions conceals the overall volume of illicit funds and avoids suspicion.
- Smurfs or third parties deposit small cash sums via ATMs across wide geographic areas, minimizing direct teller interaction and detection.
- Rapid electronic consolidation of these deposits further obscures suspicious patterns, making it difficult to trace the overall trajectory of funds.
- Frequent low-value deposits or withdrawals across multiple ATMs fragment the money trail.
- The quick relocation of funds via ATM networks masks the ultimate beneficiary or account holder.
- Criminals deposit counterfeit bills through ATMs, avoiding face-to-face scrutiny.
- Some ATMs rely on basic scanning and may not thoroughly authenticate cash deposits, enabling swift entry of fake notes into the banking system.
- Criminals perform frequent, structured withdrawals just under reporting thresholds, leveraging ATMs’ 24/7 availability and limited scrutiny.
- This rapid access to physical currency helps launder illicit proceeds by minimizing digital footprints.
- Fraudsters deposit worthless or altered checks at ATMs outside normal banking hours, minimizing scrutiny.
- By exploiting the delayed clearing, they can rapidly withdraw or transfer proceeds before the checks are returned unpaid.