Private Banking Services

• Insiders might overlook or waive enhanced due diligence for high-profile clients, enabling large or repetitive transactions without thorough checks.
• They could falsify documentation or compliance reports, using the higher privacy norms of private banking to hide evidence of suspicious flows.

• High-end forged documentation allows criminals to pose as affluent clients seeking discreet wealth management.
• Large deposits and complex investment portfolios are set up under these fake identities, shielding the origin and true beneficiaries of funds.

• Criminals may rely on proxies to manage private banking accounts, benefiting from dedicated account managers who might not scrutinize ultimate owners as rigorously.
• Personalized services and higher transaction thresholds can facilitate large-scale fund movements under a proxy’s name.

• High-value clients, including PEPs, may receive specialized handling with potentially less stringent scrutiny.
• Complex investment portfolios or managed accounts can disguise large deposits traced to corrupt sources by blending them into legitimate assets.

• High-net-worth account structures often enjoy subdued AML controls and heightened privacy, enabling large-scale deposits with minimal scrutiny. • Personalized banking arrangements and dedicated relationship managers can shield illicit sources and ownership details from detection.