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Fixed Deposit Accounts

A financial service wherein customers deposit a lump sum for a fixed term with the institution, earning interest until the maturity date.

[
Code
PS0133
]
[
Name
Fixed Deposit Accounts
]
[
Version
1.0
]
[
Category
Deposit & Account Services
]
[
Created
2025-03-14
]
[
Modified
2025-04-02
]

Related Techniques

T0086
|
Financial Product Overfunding
|
  • Criminals deposit funds into fixed or time deposit accounts at amounts exceeding typical saving practices.
  • Shortly thereafter, they request early withdrawals, incurring penalties viewed merely as a cost of laundering.
  • Because returns or refunds come directly from a reputable financial institution, it legitimizes the proceeds.